Banganga Paper Industries Ltd — Important, 15-01-2026: Company Update

Banganga Paper Industries' shareholders have approved a preferential issue of equity shares and convertible warrants. The company will issue 10.06 Cr equity shares and 5.04 Cr equity shares, both priced at Rs. 1.45 each, totaling Rs. 14.59 Cr and Rs. 7.31 Cr respectively, in exchange for shares (non-cash). Additionally, 6.00 Cr equity shares will be issued for cash at Rs. 1.45 each, raising Rs. 8.70 Cr from non-promoters. The company will also issue 2.20 Cr convertible warrants, priced at Rs. 1.45 each, aggregating to Rs. 3.19 Cr, with a 25% upfront payment. This capital raise aims to strengthen the company's financial position.