Arigato Universe seeks approval for ₹24 crore preferential issue at AGM
- Arigato Universe proposes a ₹24 crore preferential issue of 1.5 crore shares at ₹16 each
- Promoters will subscribe to 11.51 million shares, increasing their stake to 73.41%
- Funds will be used for working capital (₹12 crore) and debt repayment (₹10 crore)
- AGM agenda includes expansion into infrastructure and AAC block manufacturing
- Management remuneration packages approved for MD, CFO, and Director for three years
*this image is generated using AI for illustrative purposes only.
Arigato Universe Limited is seeking shareholder approval for a ₹24 crore preferential issue of equity shares at its 47th Annual General Meeting (AGM) scheduled for September 29, 2026. The company plans to raise funds by allotting 1.5 crore equity shares at an issue price of ₹16 per share, determined based on a net asset value valuation of ₹15.65.
The e-voting window for the AGM opens on September 26, 2026, at 9:00 am and closes on September 28, 2026, at 5:00 pm. Shareholders holding shares as of the record date, September 22, 2026, are eligible to vote. The meeting will be held at the company's registered office in Nagpur, Maharashtra.
Key Resolutions
The AGM agenda includes several ordinary and special business items beyond the capital raise:
- Preferential Issue: Approval for the issuance of 1.5 crore equity shares to promoters and non-promoters. Promoters, including Rajan Kantilal Shah and family members, will subscribe to 11.51 million shares, while non-promoters will take up the remaining 3.49 million shares.
- Business Expansion: Alteration of the Memorandum of Association to include construction, infrastructure projects, and manufacturing of Autoclaved Aerated Concrete (AAC) blocks.
- Management Remuneration: Approval for remuneration packages for Chairman and Managing Director Rajan Kantilal Shah (up to ₹84 lakh per annum), CFO Dhwani Sanket Shah (up to ₹17 lakh per annum), and Director Sanket Rajan Shah (up to ₹17 lakh per annum) for a three-year term starting April 1, 2026.
- Auditor Appointment: Reappointment of M/s Ojha Agrawal & Associates as statutory auditors for five years.
- Director Reappointment: Reappointment of Sanket Rajan Shah, who retires by rotation.
Fund Utilization
The proceeds from the preferential issue are earmarked for working capital requirements (₹12 crore), repayment of borrowings (₹10 crore), and general corporate purposes (₹2 crore). The company intends to deploy unutilized funds in money market instruments or bank deposits pending deployment.
| Purpose | Amount (₹ Crore) |
|---|---|
| Working Capital | 12.00 |
| Repayment of Borrowings | 10.00 |
| General Corporate Purpose | 2.00 |
| Total | 24.00 |
Shareholding Pattern Impact
Post-issue, the promoter holding is expected to increase from 65.24% to 73.41%, while the non-promoter stake will decrease from 34.76% to 26.59%. The shares allotted to promoters will be locked in for 18 months, while those allotted to public category persons will have a six-month lock-in period.
Mr. Avinash Gandhewar has been appointed as the scrutinizer for the remote e-voting process. The company notified the BSE Limited listing department of these details on September 3, 2026.
Historical Stock Returns for Arigato Universe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.72% | -19.22% | -50.93% | -42.92% | -21.43% | +38.95% |
How will the strategic shift into construction and AAC block manufacturing impact Arigato Universe's revenue diversification and competitive positioning in the infrastructure sector?
What is the expected timeline for deploying the ₹10 crore earmarked for debt repayment, and how will this reduction in leverage affect the company's interest coverage ratio and credit rating?
Given the significant increase in promoter holding to 73.41%, how might this consolidation of control influence minority shareholder sentiment and future corporate governance dynamics?
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