Dhariwalcorp Approves ₹53 Crore Preferential Equity And Warrant Issue

Board approved preferential issue of 33L shares at Rs26.14 for Rs8.63Cr to promoters and 1.70Cr warrants at Rs26.14 for Rs44.44Cr to promoters/public. EGM Oct 29. First large equity raise since listing, far bigger than prior small warrant plan; mostly to promoters plus new public names; use of proceeds undisclosed amid stretched working capital. Dilutive; needs shareholder and exchange nod; warrants convertible in 18 months with 25% upfront; use of funds and payment timelines undisclosed.