Avonmore Capital & Management Services Limited — Others, 18-08-2025: Shareholders meeting

Avonmore Capital & Management Services will hold an Extra-Ordinary General Meeting to seek shareholder approval for issuing up to 3.77 crore fully convertible warrants. These warrants, priced at Rs. 19.85 each, will be preferentially allotted to promoter and promoter group entities, aiming to raise Rs. 74.83 crore. The funds are earmarked for business expansion, augmenting working capital, and general corporate purposes. Each warrant will convert into one equity share within 18 months, with 25% paid upfront and 75% upon conversion. This move is expected to increase the promoter and promoter group's shareholding from 58.46% to 63.36% post-conversion, strengthening the company's financial position for growth.