Pankaj Polymers Limited’s shareholders have approved a significant preferential issue of equity shares and warrants. The company will issue up to 8,55,000 equity shares at ₹81 per share to non-promoters. Additionally, up to 22,20,000 warrants, convertible into equity shares, will be issued to both promoter and non-promoter categories at an issue price of ₹81 per warrant. This move aims to strengthen the company’s capital base.
Shareholder Approval for Capital Infusion
Pankaj Polymers Limited announced that its shareholders have given their approval for a preferential issue of equity shares and warrants. This significant decision was made during the 1st Extra-Ordinary General Meeting (EGM) for the Financial Year 2026-27, held on Saturday, August 22, 2026, via video conferencing.
Details of the Preferential Issue
Issuance of Equity Shares to Non-Promoter Category
Shareholders have approved the issuance of up to 8,55,000 Equity Shares. These shares will be offered at a price of ₹81 per Equity Share on a preferential basis to the non-promoter category. This issuance is in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013, subject to necessary statutory and regulatory approvals.
Issuance of Warrants to Promoter and Non-Promoter Categories
Furthermore, the company received approval for the issuance of up to 22,20,000 Warrants. These warrants are convertible into equity shares and will be issued at an issue price of ₹81 per Warrant. The issuance will be on a preferential basis to both the Promoter Group and the Non-Promoter category. This is also in accordance with the relevant SEBI regulations and the Companies Act, 2013, pending required approvals.
Regulatory Compliance
The company confirmed that the requisite details for this disclosure, as per Regulation 30 of the Listing Regulations and the SEBI Master Circular, have been addressed. The voting results and the Scrutinizer’s Report have been submitted separately in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
