- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Sirca Paints India has issued a corrigendum to its upcoming Extra Ordinary General Meeting notice regarding a preferential equity share issue. The company's Board approved modifications to the list of non-promoter allottees for the issuance of 20.11 lakh equity shares. This preferential issue is priced at Rs. 379.50 per share, aiming to raise approximately Rs. 76.31 Cr. The funds will primarily be used for new capital expenditure (Rs. 35 Cr), expanding distribution channels and brand promotion (Rs. 6 Cr), and working capital (Rs. 30 Cr). This move will slightly alter the shareholding, increasing non-promoter holding.