Shri Gang Industries & Allied Products Ltd — Important, 29-08-2025: Company Update

SHRI GANG INDUSTRIES' Board has approved key management changes and capital-raising initiatives. Mr. Arun Kumar Sharma was re-appointed Whole Time Director for two years, and Mr. Varun Gupta, COO, became Senior Management Personnel. For funding, the company plans a preferential issue of up to 7.5 lakh warrants to Mr. Varun Gupta at Rs. 99 each, raising about Rs. 7.42 Cr. Also, 7.5 lakh sweat equity shares will be issued to Mr. Varun Gupta at Rs. 99 each. An unsecured loan of approximately Rs. 13 Cr from a promoter group entity will convert into up to 13.13 lakh Compulsorily Convertible Preference Shares at Rs. 99 each. These actions, pending shareholder approval, aim to bolster the balance sheet and align management incentives.