Shree Salasar Investments Limited's board of directors has approved a significant warrant issuance proposal during their meeting held on February 26, 2026. The company announced plans to issue up to 18,50,000 warrants convertible into equity shares through a preferential allotment, subject to shareholder approval.

Board Meeting Outcomes

The board meeting, which commenced at 12:30 PM and concluded at 1:30 PM on February 26, 2026, addressed key strategic decisions. The company filed its outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the approval of warrant issuance and convening of an Extra-Ordinary General Meeting.

Warrant Issuance Structure

The warrants will be issued in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. Each warrant will be convertible into one equity share within 18 months from the allotment date.

Investor Allocation Details

The warrant allocation will be distributed among four investors, with promoters receiving the majority stake. The allocation demonstrates strong promoter confidence in the company's future prospects.

Post-Conversion Shareholding Impact

Upon conversion of the warrants, the shareholding pattern will undergo significant changes. The post-conversion shareholding reflects the impact of the preferential allotment on existing stakeholders.

Regulatory Compliance and Next Steps

The company has approved the notice for convening an Extra-Ordinary General Meeting to obtain necessary shareholder approvals for the proposed warrant issuance. The warrant issuance is structured as a preferential issue in accordance with Chapter V of the SEBI ICDR Regulations, ensuring compliance with regulatory requirements. The issue price will not be lower than the minimum price determined under applicable SEBI regulations, providing appropriate valuation protection for existing shareholders.

Shree Salasar Investment has announced its unaudited financial results for the first quarter. The company's Board of Directors approved both standalone and consolidated financial statements at a meeting held on August 13.

Key Highlights

• The board meeting commenced at 1:00 PM and concluded at 2:00 PM.
• Consolidated results include three subsidiaries: Vinca Realtors Pvt Ltd, Marine Drive Realtors Pvt Ltd, and Hariyana Developers.
• The three subsidiaries collectively reported a total revenue of Rs. 19.97 crore and a net profit of Rs. 2.47 crore for the quarter.
• Satya Prakash Natani & Co., Chartered Accountants, conducted a limited review and found no material misstatements.

Subsidiary Performance

The consolidated unaudited financial results include the interim financial statements of three subsidiaries, which have not been reviewed by their respective auditors. These subsidiaries have made a significant contribution to the group's overall performance:

Audit Review

Satya Prakash Natani & Co., Chartered Accountants, conducted a limited review of the financial statements. The review was performed in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity," issued by the Institute of Chartered Accountants of India.

The auditors stated that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement of unaudited financial results fails to disclose the information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The company has prepared its financial statements in accordance with the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34) and other accounting principles generally accepted in India. The results will be published in newspapers as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shree Salasar Investments continues to fulfill its regulatory obligations by providing timely and transparent financial disclosures to its stakeholders and the market at large.