Spectrum Electrical Industries Limited has scheduled an Extra-ordinary General Meeting (EGM) for August 20, 2026, to seek shareholder approval for a preferential allotment that could raise up to ₹324,99,96,750. The capital infusion aims to repay existing borrowings and fund general corporate purposes, strengthening the company’s balance sheet while enabling strategic growth initiatives through a mix of equity shares and convertible warrants.

The Board of Directors approved the proposal on July 24, 2026, in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The EGM will be held at the company’s registered office in Jalgaon, Maharashtra, with remote e-voting available from August 16 to August 19, 2026. Members holding shares as of the cut-off date of August 13, 2026, are eligible to vote.

Issue Structure and Pricing

The preferential issue comprises two components: equity subscription shares and convertible warrants. The floor price was determined based on the higher of the 90-day or 10-day volume-weighted average price preceding the relevant date of July 21, 2026, resulting in a floor price of ₹2,001.04 per share/warrant. The final issue price is set at ₹2,002 per unit.

The equity shares will be fully paid-up and rank pari passu with existing shares. The warrants are convertible into one equity share each within 18 months of allotment. Warrant holders must pay 25% of the issue price (₹500.50) upfront, with the remaining 75% (₹1,501.50) payable upon conversion. If unconverted within the tenure, the warrants will lapse, and the upfront payment will be forfeited.

Utilization of Proceeds

The company intends to utilize ₹250 crore towards the repayment or pre-payment of certain borrowings, including accrued interest and prepayment charges, within 24 months of receiving the funds. The remaining ₹75 crore will be allocated to general corporate purposes, such as meeting day-to-day operational expenses, salaries, taxes, and other exigencies. This allocation adheres to the regulatory cap of 25% for general corporate use, as per circulars from NSE and BSE dated December 13, 2022.

Regulatory Compliance and Monitoring

Given the issue size exceeds ₹100 crore, Spectrum Electrical Industries has appointed Crisil Ratings Limited as the monitoring agency under Regulation 162A of the SEBI ICDR Regulations. Crisil will submit quarterly reports on the utilization of proceeds until 100% of the funds are deployed. The company must upload these reports on its website and submit them to stock exchanges within 45 days of each quarter-end.

Lock-in periods apply to the new securities: equity shares allotted to non-promoters will be locked in for six months from trading approval, while warrants allotted to the promoter will be locked in for one year from allotment. Equity shares arising from warrant conversion will face an 18-month lock-in from trading approval. There will be no change in control or management of the company post-issue.

Spectrum Electrical Industries Limited will conduct a one-on-one meeting with an institutional investor or analyst on June 5, 2026, at its office in Nashik. The meeting is part of the company's engagement with the investment community and will focus on publicly available information.

The interaction is scheduled to be held physically at Plot No. H-170, Ambad MIDC Area, Nashik-422010, Maharashtra, India. The company has informed the stock exchanges regarding this event in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rahul Lavane, Company Secretary and Compliance Officer, signed the intimation sent to the exchanges. The disclosure noted that the schedule is subject to change due to exigencies on the part of the analyst, investor, or the company.

The details of the meeting are as follows:

The company will upload the meeting details on its official website, www.spectrum-india.com .