Granules India’s board has approved raising funds through the issuance of convertible warrants and equity shares on a preferential basis. The plan includes issuing up to 2,50,00,000 convertible warrants at ₹585 each, potentially raising up to ₹1,462.50 Crores. Additionally, the company will issue up to 51,28,205 equity shares at ₹585 per share, aiming to raise up to ₹300 Crores. The funds are intended for Promoter group and Non-Promoter investors.
Fundraising Approval Details
Granules India’s Board of Directors has approved a proposal for raising capital through the issuance of securities to Promoter and non-Promoter investors. This decision was made during a board meeting held on December 23, 2025.
Convertible Warrants Issuance
The company plans to issue up to 2,50,00,000 convertible warrants, with each warrant priced at ₹585. This issuance aims to raise up to ₹1,462.50 Crores. These warrants are offered on a preferential basis to members of the Promoter group and Non-Promoter investor category. Each warrant is convertible into one fully paid equity share with a face value of ₹1. The conversion can occur in one or more tranches within 18 months from the allotment date.
Equity Shares Issuance
Granules India will also issue up to 51,28,205 fully paid equity shares, each having a face value of ₹1, priced at ₹585 per share. This issuance is projected to raise up to ₹300 Crores and will be offered to various Non-Promoter investors on a preferential basis.
Conditions and Approvals
The planned issuances are subject to the approval of regulatory and statutory authorities, as well as the company’s shareholders during an Extra-Ordinary General Meeting. Other necessary permissions, sanctions, and statutory approvals are also required.
Extra-Ordinary General Meeting
An Extra-Ordinary General Meeting (EGM) will be convened on January 22, 2026, to seek approval for the fundraising plans. The meeting will be conducted through video conferencing.
Source: BSE
