Shera Energy Limited has scheduled a board meeting for July 14, 2026, to consider the preferential allotment of convertible share warrants. The decision follows a special resolution passed by shareholders at an Extraordinary General Meeting held on May 15, 2026. The proposed allotment aims to raise capital through the issuance of these instruments to specific allottees.

The board's deliberations will focus on finalizing the allotment pursuant to the in-principle approval received from the National Stock Exchange of India Limited. The issuance is subject to the receipt of requisite subscription money and the fulfillment of applicable statutory and regulatory requirements.

Regulatory Framework

The meeting is convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will also consider matters incidental to the allotment under the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.

Key Dates and Approvals

The company secretary, Jyoti Goyal, confirmed the intimation to the stock exchanges regarding the upcoming board meeting.

Shera Energy has disclosed the link to the valuation report regarding its preferential issue of fully convertible warrants. The company confirmed that the report, referenced in the notice for the Extraordinary General Meeting dated April 17, 2026, is accessible on its official website. This disclosure follows the regulations concerning the preferential issue under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The company provided a confirmation regarding the wilful defaulter status of key entities associated with the issue. Shera Energy stated that neither the issuer company, its promoters, nor its directors have been declared as wilful defaulters by any bank, financial institution, or consortium as per Reserve Bank of India guidelines. Additionally, the company confirmed that none of these individuals or entities have been declared fugitive economic offenders under the Fugitive Economic Offenders Act, 2018.

Confirmation of Status

The disclosure detailed the compliance status of the parties involved in the preferential allotment:

The undertaking specified in the Explanatory Statement to the EGM Notice covers the issuer company, its promoters, and directors, in addition to the proposed allottees. The valuation report is available at https://www.sheraenergy.com/others.php .