Sharika Enterprises Limited has received in-principle approval from BSE Limited for the preferential issue of 1,51,49,079 equity shares and 38,38,102 warrants. The equity shares are priced at not less than ₹14.33 each for non-promoters. The warrants are convertible into an equal number of equity shares at a similar price, targeting both promoters and non-promoters. This approval marks a crucial step in the company’s fundraising strategy.
Capital Raising Approval Received
Sharika Enterprises Limited announced on September 10, 2026, that it has obtained in-principle approval from BSE Limited for a significant preferential issue. This approval pertains to the issuance of 1,51,49,079 equity shares, each with a face value of ₹5, to non-promoters at a price of not less than ₹14.33 per share. This move is expected to bolster the company’s capital base.
Warrant Issue for Further Capital
In addition to the equity share issuance, the company has also secured approval for 38,38,102 warrants. These warrants are convertible into an equal number of equity shares, also with a face value of ₹5, at a price not less than ₹14.33 per share. This provision allows for the potential issuance of more equity to both promoters and non-promoters, providing flexibility for future capital requirements.
Regulatory Compliance and Next Steps
The in-principle approval was granted by BSE Limited on September 10, 2026. The company has been advised by BSE to ensure strict compliance with all applicable laws and regulations, including the Companies Act, 2013, and SEBI regulations. Sharika Enterprises is required to make a listing application without delay and comply with post-issue formalities within twenty days from the allotment date.
Source: BSE
