Sharika Enterprises Ltd — Important, 24-06-2026: Company Update

Sharika Enterprises' board approved significant fund-raising through preferential issues. The company plans to issue over 1.51 crore equity shares to non-promoter investors, aiming to raise approximately Rs 21.71 crore. Additionally, it will issue over 38.38 lakh share warrants to both promoters and non-promoters, convertible into equity shares within 18 months, targeting about Rs 5.50 crore. Both issues are priced at Rs 14.33 per share/warrant. An Extra Ordinary General Meeting is scheduled for July 17 to seek shareholder approval for these strategic capital infusions.