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Board approved Rs 125 Cr preferential issue of 13,15,789 warrants at Rs 950 to 4 non-promoters, convertible in 18 months. Appointed Ringkesh Jain independent director. Reverses recent stance favouring direct equity over warrants; reintroduces 18-month deferred capital and dilution overhang. Largest preferential raise to date, priced above last placement. Use of proceeds not disclosed; needs shareholder nod via Oct 17-Nov 15 e-vote. Cash inflow hinges on conversion in 18 months. Director hire adds legal/governance depth.
Sahana System Board Approves Rs125 Crore Preferential Warrant Issue To Four Allottees
Sahana System Withdraws 1,056,000-Warrant Preferential Issue, Evaluates Larger Capital Raise
Sahana System Cancels 10.56 Lakh Warrants, Evaluates Larger Capital Raise
Sahana System Withdraws 1,056,000-Warrant Preferential Issue, Considers Larger Raise
Sahana System Approves ₹92.93 Crore Preferential Warrant Fund Raise