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Swastika Investmart Limited secures approval to issue warrants, raising approximately Rs 57.59 crore
14-Aug-2026, 08:33
Swastika Investmart Limited received approval at an Extraordinary General Meeting held on August 14, 2026, to issue 90,50,000 warrants on a preferential basis, convertible into an equivalent number of equity shares. The company plans to raise approximately Rs 57.59 crore through the issuance of warrants at a price of Rs 63.64 each, with 25% of the consideration payable at the time of subscription and the remaining 75% on exercise.
Swastika Investmart Limited received approval at an Extraordinary General Meeting held on August 14, 2026, to issue 90,50,000 warrants on a preferential basis, convertible into an equivalent number of equity shares. The company plans to raise approximately Rs 57.59 crore through the issuance of warrants at a price of Rs 63.64 each, with 25% of the consideration payable at the time of subscription and the remaining 75% on exercise.