Dhariwalcorp Limited — Others, 27-06-2025: Corrigendum

Dhariwalcorp Limited has announced a board meeting to consider a preferential issue of up to 4.5 lakh fully convertible warrants at Rs. 153.49 each, aggregating Rs. 6.91 Cr. These warrants will be allotted to promoters and public category investors, including Shakshi Dhariwal (3 lakh warrants) and Dilip Dhariwal (50,000 warrants). The warrants are convertible into equity shares within 18 months, with 25% payment upfront. Proceeds will primarily support working capital needs, phased over about two years. The revised offer reduces the issue size, eliminating the need for a valuation report. No change in management control is anticipated.