Silkflex Polymers Approves ₹57.36 Crore Preferential Issue Including Warrants

Board approved raising authorised share capital from Rs 13.5 Cr to Rs 18 Cr, subject to shareholder approval, and proposed preferential issuance of 12 lakh promoter warrants at Rs 205 each aggregating Rs 24.6 Cr plus 15.98 lakh public equity shares at Rs 205 each aggregating Rs 32.8 Cr. The proposed Rs 57.4 Cr cash raise is the company's first equity dilution since listing and marks a shift from internally funded expansion to external capital. Promoter participation is through 12 lakh warrants, while 59 public investors are proposed for the equity issue. EGM approval is scheduled for September 22, 2026. Post-issue fully diluted share capital is projected at 144.05 lakh shares, with promoter holding reducing from 70.14% to 64.85%. Use of funds, detailed deployment plan, and final warrant conversion remain undisclosed; both issuances require shareholder and regulatory approvals.