Shree Pushkar Chemicals & Fertilisers Ltd has announced the successful allotment of convertible securities to its promoter, marking a significant corporate development for the chemicals company. The allotment involves a substantial number of securities issued at a predetermined price to strengthen the company's capital structure.

Allotment Details

Shree Pushkar Chemicals has allotted 7,36,196 convertible securities to promoter Gautam Makaria at ₹407.50 per security. The key parameters of this allotment are presented below:

Financial Implications

The company has received ₹7.50 crores as 25% of the total subscription amount from this allotment. This partial payment structure indicates a phased approach to the capital infusion, with the remaining amount likely to be received as per the terms of the convertible securities.

Corporate Action Significance

This allotment to the promoter Gautam Makaria represents a strategic move to raise capital through convertible securities. The convertible nature of these securities provides flexibility, allowing conversion to equity shares at a later date based on predetermined terms and conditions. Such instruments are often used by companies to raise funds while providing investors with the option to participate in future equity upside.

Shree Pushkar Chemicals & Fertilisers Limited , a leading player in the chemicals and fertilizers sector, has successfully completed the allotment of fully convertible warrants to its promoter following overwhelming shareholder approval at its recent EGM. The company has now moved forward with its Rs 350 crore expansion plan after receiving the required subscription amount.

Warrant Allotment Completed

The Board of Directors approved the allotment of 7,36,196 fully convertible warrants through a circular resolution on December 27, 2025. The warrants were allotted to Mr. Gautam Gopikishan Makharia, Joint Managing Director and Promoter, following receipt of the stipulated 25% subscription amount.

The allotment was completed after receiving 'In Principle Approval' from both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with regulatory requirements.

EGM Proceedings and Voting Results

The company conducted its EGM on December 10, 2025, from 3:00 p.m. to 3:15 p.m. through video conferencing facilities. The meeting was chaired by Punit Gopikishan Makharia, Chairman and Managing Director, with participation from key board members and stakeholders.

Both key resolutions received overwhelming support, with the authorized share capital increase approved with 99.99% votes in favour and the warrant issue receiving 99.98% approval from shareholders.

Expansion Plans and Funding Strategy

The company's board has approved a capital expenditure of Rs 350 crore for expanding its wholly-owned subsidiary, Madhya Bharat Phosphate Private Limited, located in Meghnagar, Jhabua, Madhya Pradesh. This expansion aims to add a capacity of 3,00,000 MTPA for complex fertilizers, with completion expected by March 2028.

The fully convertible warrants are convertible within 18 months from the allotment date and will partially fund this strategic expansion initiative.

Strong Q2 Financial Performance

For the quarter ended September 30, 2025, Shree Pushkar Chemicals delivered robust financial results across all key metrics:

The company witnessed substantial growth with revenue from operations surging by 45.20% year-over-year, while net profit increased by 36.70% and EBITDA grew by 34.70% compared to the same quarter in the previous fiscal year.

Corporate Developments

Several key corporate actions have been undertaken to support the company's growth trajectory. The authorized share capital increase to Rs 33.50 crore accommodates the proposed expansion and warrant issue. Additionally, the company declared a dividend of Rs 2.00 per share for the financial year 2024-25.

A new wholly-owned subsidiary, Dyecol Color Technologies Private Limited, was incorporated on September 3, 2025, in Mumbai, further strengthening the company's operational capabilities and market presence in the specialty chemicals segment.