Dhariwalcorp Limited — Others, 31-05-2025: Shareholders meeting

DhariwalCorp Limited has announced a board meeting to seek shareholder approval for issuing up to 8,50,000 fully convertible warrants at Rs. 97.68 each, targeting to raise Rs. 8.30 Cr. Warrants will convert into equity shares within 18 months, with 25% payment upfront and the rest on conversion. Funds raised will support working capital needs over three months. Majority of warrants are allotted to promoters Shakshi and Dilip Dhariwal, with a portion reserved for public investors. This issuance will alter shareholding and voting percentages without changing control.