Shiva Granito Export Approves ₹9.40 Crore Preferential Equity And Warrant Issue

Board approved preferential issue of 54.5L shares at Rs10.50 (Rs5.72 Cr) to 17 non-promoters and 35L warrants at Rs10.50 (Rs3.68 Cr) to 5 allottees; EGM on Nov 5. Subject to shareholder approval; warrants 18-month tenor with 25% upfront. Promoter stake to dilute to 27.5% from 44.5% on full conversion. Share capital to near-double to 2.50 Cr shares; use of proceeds and pricing basis not disclosed. Largest allottees include Five Elements and Topfilings.