Citichem India Ltd — Important, 15-12-2025: Company Update

CITICHEM INDIA LIMITED's members have approved a preferential issuance of up to 4,700,000 warrants, each convertible into one equity share with a face value of Rs. 10 at a price of Rs. 29. This initiative will raise INR 13.63 Cr for the company. The warrants are being allotted to promoters and other investors, specifically mentioning Arif Esmail Merchant, Hashim Arif Merchant, and Padmakar Jagannath Murodiya. This capital infusion strengthens the company's financial position and signals confidence from key stakeholders in its future growth.