Pune E - Stock Broking Ltd — Others, 01-07-2025: AGM/EGM

Pune E – Stock Broking Limited has announced a board meeting to seek shareholders’ approval for a preferential issue of up to 20 lakh convertible warrants priced at Rs.171 each, aggregating to Rs.34.2 Cr. These warrants will be issued to promoters and select non-promoter investors. Proceeds will fund the launch of a Merchant Banking division, sponsor Alternative Investment Fund schemes, increase bank guarantees for proprietary trading, repay debt, and support business expansion. The warrants carry a 25% upfront payment, convertible into equity shares within 18 months. The issue will not alter company control but will increase shareholding dilution.