Sharp Chucks Approves ₹32.4 Crore Warrant Issue And Mainboard Migration

Board on 1 Oct 2026 approved preferential issue of up to 40L convertible warrants at Rs81 for Rs32.4Cr to 27 promoter-group and public allottees, plus NSE Emerge-to-Main Board migration. Extends repeated preferential dilution; half to promoter family, half to public including repeat allottee. Against stretched working capital and negative cash flow, reads as working-capital funding. Fully diluted shares rise ~27.6% with only 25% upfront; use of proceeds undisclosed. Needs EGM, postal ballot and NSE nod; prior warrant outcome and pending annual results still undisclosed.