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Board approved preferential issue of 43.95 lakh warrants convertible 1:1 into equity to 10 allottees, new Table-F AoA, and EGM on Oct 26, 2026 for approvals. Promoter Rakesh Shah takes 30 lakh warrants, stake to 55.3% fully diluted; MNS Securities takes 10 lakh. Price per SEBI ICDR, conversion within 18 months. Implies ~33% dilution on expanded capital; issue price, objects and funding use not disclosed; subject to special resolution and regulatory approvals.
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