Sejal Glass has announced a significant move to raise funds through a preferential issue of equity shares and convertible warrants. The company's Board of Directors has approved a proposal to raise up to Rs. 94.35 crore through this initiative.

Key Details of the Fund-Raising Proposal

• Total Fundraising: Up to Rs. 94.35 crore
• Equity Shares: 13,00,000 shares at Rs. 555.00 per share, totaling Rs. 72.15 crore
• Convertible Warrants: 4,00,000 warrants at Rs. 555.00 each, totaling Rs. 22.20 crore
• Issuance Type: Preferential basis
• Warrant Conversion: Within 18 months from the date of allotment

Major Proposed Allottees

Payment Terms for Warrants

• 25% upfront payment required
• Remaining 75% due upon conversion

Regulatory Compliance

The preferential issue is subject to shareholder approval and other regulatory clearances. It will be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and all other applicable laws, rules, regulations, and guidelines prescribed by regulatory and statutory authorities.

This strategic move by Sejal Glass aims to strengthen its financial position and potentially fuel future growth initiatives. Shareholders and potential investors will be keenly watching the implementation of this fund-raising plan and its impact on the company's future prospects.

Sejal Glass Limited , a prominent player in the glass industry, has announced its intention to explore fundraising options through equity shares or warrants. The company's board of directors is set to meet on September 15, 2025, to discuss and potentially approve a proposal for raising capital.

Board Meeting Announcement

In a regulatory filing to the BSE and NSE, Sejal Glass informed that a meeting of its Board of Directors is scheduled for Monday, September 15, 2025. The primary agenda of this meeting is to consider, evaluate, and approve a proposal for fund raising.

Fundraising Options Under Consideration

The company is exploring various avenues for raising capital, including:

• Issuance of equity shares
• Issuance of convertible warrants
• Preferential issue
• Other permissible modes of fundraising

The board will also consider a combination of these methods to secure the necessary capital for the company's operations and growth plans.

Regulatory Compliance

Sejal Glass emphasized that any fundraising activity would be conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and all other applicable laws, rules, regulations, and guidelines prescribed by regulatory and statutory authorities.

Shareholder Approval

The company noted that the proposed fundraising plan would be subject to necessary approvals, including that of the company's shareholders through a postal ballot.

Trading Window Closure

In line with regulatory requirements and the company's internal policies, Sejal Glass has already closed its trading window. The window will remain closed until 48 hours after the conclusion of the company's 27th Annual General Meeting, ensuring compliance with insider trading regulations.

This strategic move by Sejal Glass to consider various fundraising options could potentially strengthen the company's financial position and support its future growth initiatives. Investors and stakeholders will be keenly watching the outcome of the upcoming board meeting for further details on the company's capital raising plans.