Marco Cables Board Approves ₹20.13 Crore 63 Lakh Warrants Preferential Issue

Board approved preferential issue of up to 63L warrants at Rs31.95 aggregating 20.13 Cr to 2 promoters and 14 others, convertible in 18 months with 25% upfront. EGM on 18 Nov 2026. First equity raise since listing; breaks annual-only disclosure cadence. Sizable vs leveraged balance sheet and heavy working capital; promoter tranche extends promoter-funding reliance. Dilution ~34% on full conversion; promoter stake falls to ~65%. Only 25% upfront (~5.03 Cr now). Use of proceeds not disclosed; needs EGM and regulatory nods.