Board approved preferential issue of up to 3.33 Cr convertible warrants at Rs 4.50 each, raising up to Rs 15 Cr, subject to shareholder and regulatory approvals. First equity raise since listing and a shift from internally funded growth; promoter-group entity Mukka Proteins will receive most warrants. Full conversion would increase equity shares from 14.15 Cr to 17.48 Cr; 75% is payable on conversion and use of proceeds is not disclosed.
Shipwaves Online Approves ₹14.99 Crore Preferential Warrant Issue
Shipwaves Secures Three-Year ₹53 Lakh Tata UK Digital Platform Order
Shipwaves Online Schedules August 27 Board Meeting For Proposed Fund Raise
Shipwaves Online Reports ₹5 Crore IPO Proceeds Unutilized Beyond Deadline
Shipwaves Online CFO Zeeshan Habibi Resigns, Mohammed Sahim Haris Named CFO