Shivalik Rasayan approved a preferential allotment of 2,82,000 equity shares and 9,47,990 fully convertible warrants in its board meeting held on September 14, 2026. The transaction raises ₹30.75 crore from promoter and public category investors.

The Board of Directors authorized the issue at a price of ₹250 per security. The equity share allotment targets public investors, while the warrant issuance includes both promoter group entities and public participants.

Equity Share Allotment Details

The company allotted 2,82,000 equity shares with a face value of ₹5 each to five public category allottees. The aggregate amount raised from this tranche is ₹7,05,00,000.

Consequent to this allotment, the paid-up equity share capital increased to ₹8,01,61,825, comprising 1,60,32,365 equity shares.

Warrant Allotment Details

The company also allotted 9,47,990 fully convertible warrants at ₹250 each, raising an aggregate of ₹23,69,97,500. Growel Remedies Limited, classified under the promoter category, received the largest allocation.

On a fully diluted basis, the paid-up equity share capital will stand at ₹8,49,01,775, comprising 1,69,80,355 equity shares.

What the Numbers Show

The warrant component constitutes approximately 77% of the total capital raised in this transaction. This structure suggests a strategic preference for deferred equity conversion, allowing the company to raise immediate cash while diluting existing shareholders only upon future exercise of the warrants.

Shivalik Rasayan Limited will hold its 48th Annual General Meeting on Monday, September 28, 2026. The meeting is scheduled to take place at Hotel Saffron Leaf in Dehradun, Uttarakhand.

The company dispatched the AGM notice and the Annual Report for the financial year ended March 31, 2026, to members on September 3, 2026. These documents are also available on the company’s website and the Central Depository Services (India) Limited (CDSL) portal.

E-Voting Details

Members can exercise their voting rights electronically on all resolutions set out in the notice. The remote e-voting period commences on Friday, September 25, 2026, at 9:00 am and ends on Sunday, September 27, 2026, at 5:00 pm IST.

Key details regarding the voting process include:

• Cut-off Date: Only members whose names appear in the Register of Members or with depositories as of September 21, 2026, are eligible to vote.
• Scrutinizer: M/s AMJ & Associates, Practicing Company Secretaries Firm, has been appointed to scrutinize the e-voting process and ballot/polling paper voting at the venue.
• Voting Restriction: Members who have cast their vote via e-voting may attend the meeting but cannot vote again.

Members who have not voted remotely can cast their votes through ballot papers at the meeting venue. For grievances related to electronic voting, members may contact Beetal Financial & Computer Services Pvt. Ltd.

Book Closure and Dividend

The Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026, inclusive. This closure facilitates the determination of eligible shareholders for the meeting and any potential dividend payout.

If a final dividend is declared during the AGM, it will be paid or credited on or before October 15, 2026. Eligibility for the dividend depends on the shareholding status as of the close of business hours on Monday, September 21, 2026, for both physical and demat holders.