Mish Designs Ltd — Important, 08-05-2026: Company Update

The company's board has approved increasing its Authorized Share Capital from 3.40 Cr to 3.90 Cr. This expands the company's capacity to issue new shares. Additionally, the board approved a preferential issue of 2,63,160 equity shares of Rs 10 each and 2,45,615 warrants, each convertible into one equity share of Rs 10. These issues aim to raise capital, with warrants convertible over 18 months. Shareholder approval will be sought at an Extraordinary General Meeting. This move will dilute existing ownership but is essential for funding future growth plans.