Ishan Dyes and Chemicals Limited — QIP/Rights/Pref., 16-07-2025: Issue of Securities

Ishan Dyes and Chemicals has approved a significant fundraise, pending shareholder approval. The company plans to issue up to 45.85 lakh Convertible Equity Warrants to promoters, raising around Rs 28.88 Cr. Each warrant will convert into one equity share at Rs 63. Additionally, 54.15 lakh fully paid-up equity shares will be issued to non-promoter investors at Rs 63 per share, raising approximately Rs 34.12 Cr. The combined preferential issue aims to raise over Rs 63 Cr for general company purposes. Shareholders will vote on these proposals at an Extra-Ordinary General Meeting on August 14, 2025.