Patil Automation to Raise ₹96.38 Crore via Preferential Issue of Equity and Warrants
The Board of Patil Automation Limited has approved a fund-raising proposal of ₹96.38 crore through a preferential issue of equity shares and warrants. The company also intends to reallocate ₹9.16 crore of unutilized IPO proceeds towards working capital requirements following the completion of its new manufacturing facility.
Som Distilleries Board Approves ₹25.00 Crore Fund Raise via Convertible Warrants
Som Distilleries and Breweries Limited has approved a capital infusion of ₹25.00 crore through the issuance of convertible equity warrants to its promoter group. The board sanctioned the preferential allotment of over 32 lakh warrants to strengthen the company's financial position ahead of its 33rd Annual General Meeting.
Organic Recycling Systems to Raise ₹16.10 Crore via Preferential Issue to Promoter
Organic Recycling Systems Limited has approved the issuance of 10,00,000 equity shares to its promoter, Mr. Sarang Bhand, to raise ₹16.10 crore. This preferential issue, priced at ₹161 per share, aims to strengthen the company's capital base and increase promoter skin in the game.
Encompass Design India to Raise ₹95.25 Crore via Preferential Issue of 38.10 Lakh Shares
Encompass Design India Limited has approved a preferential issue to raise ₹95.25 crore by issuing 38.10 lakh equity shares. The board finalised a revised list of 21 allottees following observations from the National Stock Exchange to ensure compliance with SEBI capital and disclosure regulations.
Sambhv Steel Tubes to Raise ₹100 Crore via Preferential Issue of Convertible Warrants
Sambhv Steel Tubes has approved a significant capital infusion of approximately ₹100 crore through the issuance of fully convertible equity warrants on a preferential basis. The move targets seven specific investors, including members of the promoter group, to strengthen the company's financial base for long-term growth.
Hind Rectifiers Board to Consider Fund Raising via Preferential Equity Issue on May 16
Hind Rectifiers Ltd has updated its upcoming board meeting agenda to include a proposal for fund raising through a preferential issue of equity shares. Scheduled for May 16, 2026, the meeting will also review the company's audited financial results for the fiscal year ended March 31, 2026, and consider a dividend recommendation.