Pakka Limited has received trading approvals for 27,20,000 equity shares allotted on a preferential basis. The securities are listed on the National Stock Exchange and BSE effective September 9, 2026.

The company issued the shares to non-promoters at a premium of ₹100 per share against a face value of ₹10. This brings the total issue price to ₹110 per equity share. The allotment was completed on June 9, 2026.

Issue Details

The newly issued shares rank pari passu with existing equity shares. They carry distinctive numbers from 4,49,48,101 to 4,76,68,100. The securities are covered under ISIN INE551D01018.

Lock-in Period

All 27,20,000 shares remain under lock-in until March 30, 2027. The lock-in release date is March 31, 2027. This restriction applies to all non-promoter allottees involved in this preferential issue.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Trading approvals were granted by BSE vide E-Letter No. LOD/PREF/RB/98/2026-2027 and NSE vide letter No. NSE/LIST/57273, both dated September 8, 2026.

Pakka Limited has scheduled its 46th Annual General Meeting for September 29, 2026, to seek shareholder approval for alterations to its Articles of Association and to clarify the utilization of proceeds from a recent preferential issue.

The meeting will be held via video conferencing or other audio-visual means at 10:30 am. The agenda includes ordinary business items such as the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of directors Gautam Ghosh and Himanshu Kapoor.

Special Business Items

The primary special business involves altering the Articles of Association to insert provisions for an Observer and a Nominee Director. This change is required pursuant to a Debenture Trust Deed dated May 29, 2026, executed with Catalyst Trusteeship Limited.

The trust deed governs the issuance of Senior Series and Junior Series secured, redeemable, non-convertible debentures aggregating up to ₹540 crore. As of the notice date, debentures aggregating ₹425 crore had been allotted. The proposed amendments allow the Debenture Trustee to appoint a non-voting Observer on the Board and, upon an Event of Default, to appoint a Nominee Director.

Preferential Issue Proceeds Clarification

The second special business item seeks to clarify the objects of the preferential issue approved by members on May 5, 2026. The company received ₹51.095 crore from the allotment of equity shares and fully convertible warrants.

Statutory auditors C N K & Associates LLP certified that ₹1.095 crore was applied directly to 'Project Jagriti' capital expenditure. The remaining ₹50 crore was utilized to repay part of a term loan availed from Canara Bank specifically for the same project. The Board recommends this ratification to ensure transparent disclosure, noting that the repayment is consistent with the original objects of the issue.

Director Re-Appointments

Shareholders will vote on the re-appointment of two directors retiring by rotation:

Both directors attended all four Board meetings held during the year. Neither holds directorships in other listed entities, except for Mr. Kapoor’s role as an Independent Director at EMA India Limited.

What the Numbers Show

The allocation of preferential issue proceeds reveals a strategic focus on debt optimization for ongoing capex. With ₹50 crore out of ₹51.095 crore in received proceeds directed toward repaying a Canara Bank term loan, the capital raise was effectively utilized to replace bank debt with equity-linked instruments (shares and warrants) for Project Jagriti. This structure suggests an intent to reduce interest-bearing liabilities while funding the installation of a new paper machine and capacity enhancements.