Shivamshree Businesses Revisions Issue Price for Preferential Allotment of Equity Shares
The Board of Directors of Shivamshree Businesses Limited has unanimously approved a mandatory statutory modification regarding the pricing terms for its proposed preferential allotment of Equity Shares. The revision follows an evaluation process required under applicable regulations governing the issuance of capital.Initially, the Company had planned to raise funds by issuing and allotting up to 1,43,50,000 Equity Shares, with a face value of ₹1/- each. The initial estimated issue price for these shares was set at ₹2.25/- per Equity Share.
Following the mandatory valuation calculation conducted based on the volume-weighted average price quoted on the BSE Limited as of May 29, 2026 (the Relevant Date), the statutory minimum floor price was definitively determined. Consequently, the Board resolved to revise the issue price upward to ensure compliance with pricing guidelines.
The proposed issue price for the preferential allotment has been formally revised from ₹2.25/- per Equity Share to ₹2.30/- per Equity Share. This revised issue price includes a face value of ₹1/- and a securities premium of ₹1.30/- per Equity Share.
This upward revision in the statutory issue price directly impacts the total consideration for the proposed allotment. The issuance of up to 1,43,50,000 Equity Shares at the revised price of ₹2.30/each now aggregates to a total consideration of up to ₹3,30,05,000/- (Rupees Three Crores Thirty Lakhs Five Thousand Only). This is an increase from the initially estimated consideration of ₹3,22,87,500/- (Rupees Three Crores Twenty-Two Lakhs Eighty-Seven Thousand Five Hundred Only).
All other terms and parameters regarding the preferential allotment remain unchanged. The total quantum of Equity Shares to be issued remains capped at 1,43,50,000.
The allocation details for the proposed allottees are as follows:
| Name of the Proposed Allotees | No. of shares to be allotted | Pre-Issue Holding (%) | Post Issue Holding (%) |
|---|---|---|---|
| Prafulbhai Parshottambhai Bavishiya | 30,00,000 | 5.33% | 7.81% |
| Shaileshbhai Parshottambhai Bavishiya | 30,00,000 | 4.90% | 7.45% |
| Arunaben Prafulkumar Bavishiya | 30,00,000 | 5.50% | 7.96% |
| Divyaben Shaileshbhai Bavishiya | 30,00,000 | 5.96% | 8.34% |
| Ancy Prafulbhai Bavishiya | 23,50,000 | 0.66% | 3.17% |
The total proposed allotment aggregates up to ₹3,30,05,000/-:
| Component | Face Value (₹) | Share Premium (₹) |
|---|---|---|
| Total Face Value for 1,43,50,000 Shares | 1,43,50,000/- | N/A |
| Total Securities Premium | 1,86,55,000/- | N/A |
| Total Aggregate Consideration | ₹3,30,05,000/- |
Stock Price Movement
Shivamshree Businesses Ltd shares settled at ₹2.30 on Monday after shedding 4.96%. The stock exhibited completely flat movement, remaining locked at this price point throughout the entire trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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