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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Shivalik Rasayan Ltd

Shivalik Rasayan Approves Rs. 33 Crore Fundraise via Equity Shares and Warrants

FUNDRAISE ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 23 Jul 2026, 05:53 PM IST  ·  BSE ID: 8cb820ba-71cb-483c-9bec-b37bc8d28dfe
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's directors approved a plan to sell new shares and warrants to raise funds from select investors.
🤖 AI Summary
  • Board approved issuing up to 372,000 equity shares at Rs. 250 per share.
  • Approved issuing up to 948,000 warrants convertible to equity at Rs. 250 per warrant.
  • Total fundraise targets up to Rs. 33,00,00,000 (Rs. 33 Crore) for cash.
  • Issue is on preferential basis to Promoter & Promoter Group and Public categories.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Aggregate value of Equity Shares issuance
Rs. 9,30,00,000
Number of Equity Shares to be issued
3,72,000
Issue price per Equity Share
Rs. 250/-
Aggregate value of Warrants issuance
Rs. 23,70,00,000
Number of Warrants to be issued
9,48,000
Issue price per Warrant
Rs. 250/-
Face value per Equity Share
Rs. 5/-
Conversion period for Warrants
18 (Eighteen) months
🏢 How This Affects the Company
📈
Business Impact
The fundraise will enhance the company's capital base, potentially supporting business expansion or working capital needs.
💰
Financial Impact
Issuing new equity and warrants will increase the company's cash reserves by up to Rs. 33,00,00,000. This will dilute existing shareholding.
⚠️
Risk Impact
The preferential issue requires shareholder approval, introducing a regulatory and approval risk until completion.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to vote on the preferential issue at the Extra-Ordinary General Meeting on August 20, 2026.
👤
Who Is Affected
All existing shareholders will experience dilution in their percentage ownership upon allotment of new equity shares and conversion of warrants.
🔍
Management Signal
Management is seeking capital infusion through preferential allotment, indicating a need for funds to support company objectives.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Shareholder approval at EGM on August 20, 2026.
Allotment of equity shares and warrants.
Subsequent utilization of funds raised.
MEDIUM RISK Fundraise depends on shareholder approval; warrant conversion adds future shareholding uncertainty.
💡 Investor Takeaway
Shivalik Rasayan's Board approved raising up to Rs. 33,00,00,000 via preferential issue of equity shares and convertible warrants at Rs. 250 each, subject to shareholder approval.
⚖️ Strengths & Concerns

✅ Positives

  • Raised Rs. 9,30,00,000 from issue of 3,72,000 equity shares at Rs. 250 per share.
  • Secured commitment for up to Rs. 23,70,00,000 from issue of 9,48,000 warrants at Rs. 250 per warrant.

⚠️ Concerns

  • Dilution of existing shareholders' equity stake due to new share issuance at Rs. 250 per share.
  • Warrants have an 18-month conversion period, creating uncertainty regarding the final share count and ownership structure.
❓ Frequently Asked Questions
What is the total amount Shivalik Rasayan plans to raise?
Shivalik Rasayan plans to raise up to Rs. 33,00,00,000 (Rs. 33 Crore) through the issuance of equity shares and warrants.
At what price are the equity shares and warrants being issued?
Both the equity shares and warrants are being issued at an issue price of Rs. 250/- per instrument.
How many equity shares will Shivalik Rasayan issue?
The company will issue up to 3,72,000 equity shares with a face value of Rs. 5/- each.
What is the conversion period for the fully convertible warrants?
The fully convertible warrants can be converted into equity shares within 18 months from their allotment date.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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