Stellant Securities (India) Limited has confirmed the dispatch of notices for its Extraordinary General Meeting (EGM) scheduled for August 24, 2026, to seek shareholder approval for a dual-track preferential issue aimed at raising up to ₹99.20 crore. The company published advertisements in Active Times and Mumbai Lakshadweep newspapers on July 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that electronic notices were sent to registered members on July 27, 2026. This procedural step advances the capital injection plan designed to strengthen the firm’s balance sheet for expanding its investment and advisory operations.

The fundraising comprises two components: the issuance of up to 3,48,837 Fully Convertible Warrants (FCWs) to promoters Mangla Rathod, Saajan Rathod, and Mayank Rathod, raising up to ₹20.99 crore, and the allotment of up to 12,99,143 equity shares to 50 non-promoter public investors, including Lloyds Enterprises Limited, raising up to ₹78.20 crore. Both instruments are priced at ₹602 per unit, reflecting a premium over the ₹10 face value and complying with SEBI ICDR Regulations based on the volume-weighted average price (VWAP) preceding July 24, 2026. Practicing Chartered Accountant R K Khandelwal & Co has certified this compliance.

Key Terms of the Preferential Issue

Promoter warrants carry an 18-month conversion window, with holders required to pay 25% of the issue price (₹150.50) at subscription and the remaining 75% upon exercise. Unexercised warrants will lapse with forfeiture of paid amounts. To accommodate the issuance, the Board seeks approval to increase authorized share capital from ₹7 crore to ₹17 crore. Post-issue, promoter holding is projected to decrease from 45.25% to 41.04%, while public shareholding will rise from 54.75% to 58.96%, with no change in management control.

Voting Process and Timeline

Shareholders whose names appear in the Register of Members as of the cut-off date, August 17, 2026, are eligible to vote. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL) from August 21, 2026, at 9:00 a.m. IST to August 23, 2026, at 5:00 p.m. IST. Vineeta Piyush Patel of Vineeta Patel & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure a fair process. The results of the e-voting are expected to be declared on or before August 26, 2026, and will be displayed on the company’s website and stock exchange portals.

What the Numbers Show

The structure of the raise highlights a strategic balance between securing internal promoter commitment through deferred dilution via warrants and broadening the shareholder base through public equity. By pricing the issue at ₹602, which exceeds both the 90-day VWAP of ₹578.32 and the 10-day VWAP of ₹601.94, Stellant Securities signals confidence in its valuation while adhering to regulatory floor prices. The absence of a monitoring agency, permissible as the warrant tranche is under ₹100 crore, allows for streamlined deployment of funds toward investments in listed and unlisted companies and advisory services.

Stellant Securities (India) Limited has scheduled a board meeting for July 24, 2026, to consider a proposal for raising funds through a preferential issue of securities. The board will also evaluate an increase in the company's authorized share capital to facilitate the fund-raising exercise. The trading window for designated persons and their immediate relatives will remain closed from July 21 until 48 hours after the conclusion of the meeting.

The board proposes to increase the authorized share capital from ₹7 crore, divided into 70,00,000 equity shares of ₹10 each, to ₹17 crore, divided into 1,70,00,000 equity shares of ₹10 each. This expansion requires a consequent amendment to Capital Clause V of the Memorandum of Association of the Company. The fund-raising proposal includes the determination of the issue price, subject to necessary regulatory and statutory approvals, including shareholder consent.

Agenda Details

The meeting, convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will address the following key items:

• Increase in authorized share capital.
• Proposal for fund raising via preferential issue.
• Determination of issue price.
• Approval for incidental and ancillary matters.

Capital Structure Proposal

Compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, mandates the closure of the trading window to prevent insider trading during the material decision-making process. The board's decisions are subject to the approval of shareholders and relevant regulatory bodies.