Candour Techtex Limited , a textile engineering company, has announced a significant capital raise through a preferential allotment, as approved by its Board of Directors. The move aims to bolster the company's financial position and support its growth initiatives.

Key Highlights of the Capital Raise

Shareholding Impact

The preferential allotment is expected to have a significant impact on the company's shareholding structure:

*Post allotment of Equity Shares and upon full conversion of warrants, on a fully diluted basis.

Investor Participation

The capital raise has attracted a diverse group of investors:

• Equity Shares: 191 investors
• Convertible Warrants: 86 investors

Notable investors include:

• SV Enterprises (300,000 warrants)
• Amera Hiya Sachin (131,000 warrants)
• Kadoli Investment Limited (500,000 warrants)

Use of Funds

While specific details on the use of funds were not provided, capital raises of this nature are typically aimed at strengthening the company's balance sheet, supporting expansion plans, or funding new initiatives.

Regulatory Approval and Timeline

Candour Techtex plans to seek shareholder approval for the preferential allotment at an Extraordinary General Meeting (EGM) scheduled for November 20, 2025. The warrants will be convertible into equity shares within 18 months from the date of allotment.

Investors and market watchers will likely monitor how Candour Techtex utilizes this capital infusion in the coming months.

Candour Techtex Limited (formerly known as Chandni Textiles Engineering Industries Ltd) has announced a significant development in its financial strategy. The company's Board of Directors is set to convene on October 20, 2025, to deliberate on a proposal for raising funds through various means.

Key Points of the Announcement

• Meeting Date: October 20, 2025 (Monday)
• Primary Agenda: Consideration of fund raising proposal
• Potential Fund Raising Methods:
  • Preferential Issue
  • Qualified Institutions Placement (QIP)
  • Issue of Equity Shares
  • Issue of Convertible Securities

Regulatory Compliance and Shareholder Approval

The company has emphasized that any fund-raising activities will be conducted in accordance with:

1. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
2. Companies Act, 2013 (as amended)

Furthermore, the Board will discuss the possibility of convening an Extraordinary General Meeting (EGM) to seek shareholder approval for the proposed fund-raising initiatives.

Market Impact

This announcement could potentially impact Candour Techtex's stock performance and investor sentiment. The company's move to explore various fund-raising options suggests a strategic approach to capital management and possibly indicates plans for expansion or debt restructuring.

Company Background

Candour Techtex Limited operates from its registered office in Mumbai. The company's proactive approach to financial planning, as evidenced by this announcement, reflects its commitment to growth and shareholder value.

Investors and market watchers will be keenly awaiting the outcome of the October 20 board meeting, which could provide further insights into Candour Techtex's financial strategy and future plans.