Pratiksha Chemicals approves ₹55.99 crore fund raise
Pratiksha Chemicals Limited approved raising ₹55.99 crore via preferential allotment of warrants and equity shares at ₹21.72 per share to fund diversification and subsidiary operations. The EGM on February 20, 2026, also sanctioned changing the company's name to Vellora Impact Limited, increasing authorized capital to ₹32 crore, and appointing Mr. Sumit Harjibhai Gol as Managing Director alongside other board regularizations.
*this image is generated using AI for illustrative purposes only.
Pratiksha Chemicals Limited approved raising approximately ₹55.99 crore through the preferential allotment of fully convertible warrants and equity shares at its Extraordinary General Meeting (EGM) held on February 20, 2026. The meeting also sanctioned changing the company's name to Vellora Impact Limited and increasing the authorized share capital to ₹32 crore to support diversification and expansion plans.
Capital Raising and Allotment Details
Shareholders authorized the issuance of up to 1,70,64,840 fully convertible warrants and 87,17,750 equity shares to non-promoters on a preferential basis. The securities are priced at ₹21.72 each, comprising a face value of ₹10 and a premium of ₹11.72. The warrants are convertible into an equal number of equity shares within 18 months from the date of allotment. The proceeds will be utilized for loan repayment, funding working capital requirements of proposed subsidiaries, and general corporate purposes.
| Instrument | Quantity | Price (₹) | Total Amount (₹) |
|---|---|---|---|
| Fully Convertible Warrants | 1,70,64,840 | 21.72 | 37,06,48,324 |
| Equity Shares | 87,17,750 | 21.72 | 18,93,49,530 |
| Total | 2,57,82,590 | 21.72 | 55,99,97,854 |
Corporate Restructuring and Governance
The EGM approved the alteration of the company's Memorandum of Association to facilitate diversification into new sectors including information technology, gold and precious metals, agricultural commodities, and interior furnishing solutions. Consequently, the company name will be changed to Vellora Impact Limited to reflect this broader strategic focus. The authorized share capital was increased from ₹7.50 crore to ₹32 crore by creating 2,45,00,000 new equity shares of ₹10 each.
Board Appointments and Approvals
The board underwent significant changes with the regularization of several director appointments. Mr. Sumit Harjibhai Gol was appointed as Managing Director for a term of three years, with a remuneration not exceeding ₹10,00,000 per year. Additionally, Mr. Kishan Rajeshbhai Mendapara and Ms. Khushbu Hemanshu Nadapara were regularized as Independent Directors for a term of five years ending December 25, 2030. Mr. Kalpesh Kamani was also appointed as a Director (Executive, Non Independent) liable to retire by rotation.
Financial and Regulatory Approvals
The company reported a total revenue of ₹610.82 lakh and a net loss of ₹766.47 lakh for the financial year 2024-25. To support its financial requirements, shareholders approved increasing the borrowing limit to ₹200 crore and authorized the board to provide loans, guarantees, or securities up to ₹200 crore. All resolutions passed at the EGM are special resolutions and are subject to the approval of the Registrar of Companies and other relevant regulatory authorities.
Historical Stock Returns for Pratiksha Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -10.63% | -12.60% | -23.60% | -34.02% | -24.49% | +41.05% |
How will the diversification into non-chemical sectors like IT and precious metals impact the company's risk profile and core operational focus?
What specific acquisition targets or joint ventures is Vellora Impact Limited considering with the newly raised capital?
Will the significant increase in authorized share capital and borrowing limits lead to further equity dilution for existing shareholders in the near future?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
