Shish Industries Limited successfully conducted its Extraordinary General Meeting (EOGM) on January 22, 2026, securing shareholder approval for significant capital restructuring and fund-raising initiatives. The meeting, held through video conferencing via ZOOM platform from 12:00 Noon to 12:10 PM IST, was chaired by Managing Director Satishkumar Dayabhai Maniya.

Capital Structure Enhancement

The company's shareholders approved a substantial increase in authorized share capital to support future funding requirements and enable further equity issuances. The authorized capital will be enhanced from ₹40.00 crores to ₹53.00 crores, divided into 53,00,00,000 equity shares of Re. 1.00 each. This expansion required consequent alterations to Clause V of the Memorandum of Association, which was also approved by special resolution.

Preferential Equity Issue Details

Shareholders endorsed the company's proposal to issue equity shares on a preferential basis to identified non-promoter investors. The key parameters of this fund-raising initiative include:

The company confirmed that the proposed allotment will not result in any change of control, with no single allottee receiving more than five percent of the post-issue fully diluted share capital. The newly allotted equity shares will rank pari passu with existing shares and remain subject to applicable lock-in provisions under SEBI regulations.

Meeting Resolutions and Governance

The EOGM addressed three special resolutions, all of which received shareholder approval:

The meeting incorporated comprehensive governance measures, including remote e-voting facilities provided by National Securities Depository Limited. The e-voting window remained open from 9:00 AM on January 19, 2026, to 5:00 PM on January 21, 2026, with additional voting facilities available during the meeting and for 15 minutes post-conclusion.

Strategic Objectives and Compliance

Company Secretary and Compliance Officer Ms. Suman Jat outlined that the fund-raising initiatives aim to strengthen the balance sheet, provide access to long-term resources for growth requirements, and support general corporate purposes. The proposals comply with the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018, with M/s Alap & Co. LLP appointed as scrutinizer for vote counting.

The meeting maintained full regulatory compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars for virtual meetings. All statutory documents, including registers of directors and contracts, were made available electronically for member inspection. The company committed to declaring results within 48 hours after receiving the scrutinizer's report, with outcomes to be published on the company website and submitted to stock exchanges as per listing regulations.

Shish Industries Limited's Board of Directors has approved significant capital structure changes and a comprehensive preferential issue plan during their board meeting held on December 22, 2025. The meeting, conducted at the company's registered office from 7:00 PM to 8:30 PM, resulted in several key decisions that will reshape the company's capital framework.

Authorized Share Capital Enhancement

The board has approved a substantial increase in the company's authorized share capital to facilitate future fundraising activities. The enhancement represents a strategic move to provide greater flexibility for capital raising initiatives.

Preferential Issue Details

The company has approved a comprehensive preferential issue comprising both equity shares and fully convertible equity warrants. This dual-structure approach will provide investors with immediate equity participation and future conversion options.

Investor Composition and Shareholding Impact

The preferential issue will involve 199 investors, all classified as public non-institutional individuals. The proposed allotment will significantly alter the company's shareholding pattern, with promoter holding expected to decrease substantially on a fully diluted basis.

Regulatory Compliance and Next Steps

The board has appointed National Securities Depository Limited (NSDL) as the remote e-voting agency and M/s Alap Co. LLP as scrutinizer for the upcoming Extraordinary General Meeting. The issue price for both equity shares and warrants will be determined in accordance with SEBI (ICDR) Regulations, 2018.

The equity warrants will be convertible into equity shares within 18 months from the allotment date, providing flexibility to warrant holders. All proposed changes are subject to shareholder approval at the Extraordinary General Meeting and regulatory approvals from SEBI and other applicable authorities.