Expo Gas Containers Ltd — Others, 21-06-2025: AGM/EGM

Expo Gas Containers Limited has announced a board meeting to consider a preferential issue of up to 31.46 lakh Convertible Warrants at Rs. 70 each, aiming to raise Rs. 22.02 Cr. The proceeds will fund working capital (Rs. 5.02 Cr), repay bank loans (Rs. 14 Cr), and cover corporate expenses (Rs. 3 Cr) within 24 months. Warrants entitle holders to convert into equity shares within 18 months, subject to lock-in (18 months for promoters, 6 months for non-promoters). Promoter Murtuza S. Mewawala plans to subscribe for 13.33 lakh warrants; non-promoter investors include Aegis Investment Fund and others. Post issue, promoters’ holding will remain above 55%, with no change in company control.