Shree Pacetronix Ltd — Important, 05-09-2025: Company Update
05-09-2025 | 07:21 pm
05-09-2025 | 07:21 pm
Shree Pacetronix shareholders have approved a Preferential Issue, securing fresh capital. The company will issue 75,150 equity shares and 2,25,450 fully convertible warrants to promoter Akash Sethi at Rs. 81 per share/warrant. This capital raise aggregates to Rs. 2.43 Crore upon full conversion of all warrants. The warrants have staggered conversion periods. This move significantly boosts the promoter's stake from 0.35% to 8.0% (post-conversion), demonstrating strong internal confidence and injecting funds for business operations.
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