Sharp Chucks and Machines Limited — Board Meeting, 19-03-2025: Outcome of Board Meeting

The Board of Directors has announced a board meeting to approve the allotment of 5,75,000 equity shares at INR 76.12 each, following the conversion of warrants held by promoter Mr. Ajay Sikka. This transaction results in an increase of the company’s paid-up equity share capital from INR 115.10 crore to INR 120.85 crore. Post-allotment, promoters will hold 69.76% of the expanded equity base, up from 68.25%. The meeting signifies a strategic move to strengthen the company’s capital structure through this preferential allotment.