Windsor Machines Board Approves Rs 188 Crore Warrant Issue To Two Investors

Board approved preferential issue of up to 62.5L convertible warrants at Rs301 each for Rs188.12 Cr to S Gupta Family Enterprises (50L) and KITARA PIIN (12.5L); EGM on 5 Dec 2026 for approval. Resolves pending fundraise decision; continues preferential-warrant funding after prior leg fully converted, but shifts to external non-promoter investors, broadening funding base for Rajkot ramp. On full conversion adds 5.7% dilution (4.56% and 1.14%); 25% upfront with 18-month conversion or lapse; use of proceeds not disclosed; needs shareholder and regulatory approvals.