Granules India’s board has authorized the issuance of up to 2,50,00,000 warrants convertible into equity shares and up to 51,28,205 equity shares. This decision, made on January 22, 2026, aims to bolster the company’s capital structure through preferential allotment.
Issuance Authorization
The board of Granules India has officially approved the issuance of new securities. This decision was reached during a meeting held on January 22, 2026.
Details of the Issuance
The approval includes the following:
Issuance of up to 2,50,00,000 warrants convertible into equity shares on a preferential basis.
Issuance of up to 51,28,205 equity shares on a preferential basis.
Recomputation and Utilization of Proceeds
Granules India will recompute the price of the specified securities as required. The company plans to deploy the net proceeds of the issue into debt mutual funds, deposits in scheduled commercial banks, securities issued by the Government of India, or other permitted investments.
Source: BSE
