Longspur international ventures Limited has informed the stock exchange about an upcoming board meeting to discuss significant fund raising proposals. The meeting represents a key corporate development as the company explores capital expansion opportunities.

Board Meeting Details

The board meeting has been scheduled with specific parameters for consideration of fund raising activities:

Fund Raising Proposal

The primary agenda focuses on capital raising through various financial instruments. The board will consider and evaluate proposals for raising funds through issuance of equity shares or warrants by way of preferential allotment. This initiative will be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013.

The fund raising proposal includes determination of pricing mechanisms and requires various regulatory approvals, including shareholder approval. The board retains flexibility to decide on alternative methods for capital raising as deemed appropriate.

Meeting Agenda Items

The board meeting will address several key business items:

• Evaluation and approval of fund raising through equity shares or warrants via preferential allotment
• Determination of meeting logistics for shareholder approval process
• Fixing day, date, time and venue for fund raising related meetings
• Approval of draft notice for the fund raising exercise
• Any other business matters with chairman's permission

Trading Window Closure

In compliance with insider trading regulations, the company has announced a trading window closure. The trading window for dealing in company securities will remain closed from March 5, 2026 until 48 hours after the declaration of the board meeting outcome. This measure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct for fair disclosure and insider trading prevention.

The announcement was signed by Shweta Sharma, Company Secretary and Compliance Officer, and communicated to BSE Limited as per regulatory requirements under Regulation 29 of SEBI (LODR) Regulations, 2015.

Longspur International Ventures Limited announced significant capital restructuring decisions following its board meeting held on March 4, 2026. The board approved a preferential issue of up to 1,50,00,000 equity shares with a face value of ₹10 each, priced at ₹10 per share, raising ₹15,00,00,000 through strategic allocation to 30 identified investors.

Preferential Issue Structure

The preferential allotment will be conducted in accordance with Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue targets both promoter and non-promoter categories with varying allocation sizes.

Key Allottee Distribution

The allocation demonstrates a strategic mix of promoter participation and external investor engagement. Major allocations include promoter Manoj Jain receiving the largest share allocation, followed by significant non-promoter investments.

Post-Allotment Shareholding Impact

The preferential issue will significantly alter the company's shareholding structure. Promoter Manoj Jain's holding will decrease from 22.48% to 15.70% post-allotment, while new investors will gain substantial stakes in the company.

Regulatory Compliance and Process

The company has made comprehensive arrangements for regulatory compliance, including preparation for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval. The board meeting was conducted at the company's registered office at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai, with proper disclosure made to BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015.

The preferential issue represents a strategic capital raising initiative that will provide the company with enhanced financial resources while bringing in a diverse group of investors across different investment categories and allocation sizes.