Shelter Pharma Approves ₹38.46 Crore Warrant Issue in EGM
Shelter Pharma Limited held an EGM on July 23, 2025, to approve the issuance of up to 91,02,000 Convertible Equity Share Warrants at ₹42.25 per warrant. The total value of the issue could reach ₹38,45,59,500. The warrants, convertible into one equity share each, will be issued to both Promoter Group and Non-Promoters on a private placement and preferential basis. The company's Managing Director, Mr. Mustaqim Nisarahmed Sabugar, stated that the funds would support future prospects. Voting results are expected within 48 hours of the meeting's conclusion.