Prospect Consumer Products to Expand Share Capital, Issue Convertible Warrants to Promoters Aug 28, 2025
Prospect Consumer Products Limited (PCL) has approved several corporate actions in a board meeting. The company plans to increase its authorized share capital from ₹6.50 crore to ₹7.50 crore by creating 10 lakh additional equity shares. PCL will also issue 7 lakh convertible warrants at ₹100 each to promoters, aiming to raise ₹7 crore. The warrants will be distributed among three promoters: Vimal Sureshbhai Mishra, Priyanka Vimal Mishra, and Prakash Mishra. Upon full conversion, promoter shareholding will change, with Prakash Mishra's stake increasing significantly. The Annual General Meeting is scheduled for September 26, where shareholders will vote on these proposals.