Shamrock Industrial Company Ltd — Results, 29-05-2025: Result

Shamrock Industrial Company Ltd. has announced a board meeting outcome approving the financial results for the quarter and half-year, reporting a net loss of ₹12.60 lakh for the year. The Statutory Auditors issued an unmodified opinion on these results. The board approved increasing the authorized equity share capital from ₹10 Cr to ₹40 Cr, subject to shareholder approval. A new main objects clause was added to include investments and services related to blockchain and virtual digital assets. The company plans preferential issues of 58.74 lakh equity shares (~₹9.63 Cr), 76.02 lakh optionally convertible debentures (~₹12.46 Cr), and 62.83 lakh warrants (~₹25.05 Cr) to new investors. A share purchase agreement was executed for up to 30.15% promoter shares transfer to new acquirers, triggering an open offer obligation. The board approved a postal ballot for preferential issue approval and adopted a new Articles of Association aligned with the Companies Act, 2013. These moves signify a strategic shift towards blockchain-related business and capital raising to support growth and change in promoter control.