Sheetal Cool Products Limited has announced an Extraordinary General Meeting (EGM) scheduled for February 05, 2026, at 12:00 PM through video conferencing to seek shareholder approval for a significant warrant issuance. The company aims to raise ₹26.63 crores through the issuance of 8,40,000 fully convertible warrants to non-promoters.

Warrant Issuance Details

The proposed warrant issuance represents a strategic capital raising initiative by Sheetal Cool Products Limited. The company plans to issue the warrants through preferential allotment on a private placement basis to non-promoter investors.

Fund Utilization Strategy

The proceeds from the warrant issuance will be strategically deployed across two key business expansion areas. The company has outlined specific allocation plans to enhance its market presence and operational capabilities.

Warrant Terms and Conditions

The fully convertible warrants come with specific terms designed to provide flexibility to investors while ensuring commitment to the company's growth plans. Each warrant entitles the holder to apply for and obtain allotment of one equity share during the exercise period.

Key features of the warrant structure include:

• Upfront Payment: 25% of the issue price required at allotment
• Balance Payment: 75% payable upon conversion to equity shares
• Exercise Window: Any time within 18 months from allotment date
• Lock-in Period: As prescribed under Chapter V of ICDR Regulations
• Dematerialized Form: All warrants and resulting equity shares in demat form only

EGM Logistics and Voting Process

The EGM will be conducted entirely through video conferencing in compliance with regulatory guidelines. Shareholders can participate in remote e-voting from February 02, 2026, at 9:00 AM until February 04, 2026, at 5:00 PM.

Proposed Allottee Details

The warrant issuance targets specific non-promoter investors who have expressed interest in subscribing to the offering. The primary allottee is Orbit Financial Capital, a partnership firm, along with individual investors.

Shareholding Impact

Upon full conversion of the warrants, the company's paid-up share capital will increase from 1,05,00,000 equity shares to 1,13,40,000 equity shares. The promoter holding will decrease from 65.59% to 60.735%, while public shareholding will increase from 34.41% to 39.265%.

The warrant issuance is priced at ₹317.00 per warrant, which is higher than the minimum price calculated according to SEBI ICDR Regulations. The relevant date for pricing determination is January 06, 2026, being 30 days prior to the EGM date. The company has obtained necessary approvals from its Board of Directors on January 07, 2026, and the proposal now awaits shareholder approval through the special resolution.

Sheetal Cool Products Limited has announced the appointment of Rajshri M. Indoria as Company Secretary and Compliance Officer, effective January 05, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee during their meeting held on January 05, 2026.

Key Appointment Details

Ms. Rajshri M. Indoria has been designated as Key Managerial Personnel of the company in her new role. The appointment represents a strategic addition to the company's leadership team, bringing professional expertise in corporate compliance and secretarial functions.

Professional Qualifications and Experience

Ms. Indoria is a qualified Company Secretary holding membership number A56585. She brings six years of experience in company secretarial functions, providing the expertise necessary to handle the comprehensive responsibilities of her new position.

Role and Responsibilities

In her capacity as Company Secretary, Ms. Indoria will be responsible for all functions prescribed under Section 205 of the Companies Act, 2013. Additionally, she will serve as the Compliance Officer as required under Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The dual role encompasses both statutory compliance under corporate law and regulatory compliance under securities market regulations, making it a critical position for the company's governance framework.

Regulatory Compliance

Sheetal Cool Products Limited has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this key managerial personnel appointment. The notification was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations, ensuring transparency with stakeholders and regulatory authorities.

The appointment strengthens the company's compliance infrastructure and demonstrates its commitment to maintaining robust corporate governance standards.