Shiva Granito Export

Shiva Granito Export's board on 6 October 2026 approved a preferential issue of up to 54,50,000 equity shares at Rs 10.50 each aggregating Rs 5.72 crore to 17 non-promoter allottees led by Five Elements Resources and Manisha Mayank. It also approved up to 35,00,000 fully convertible warrants at Rs 10.50 each aggregating Rs 3.67 crore to five allottees including promoter entity Shiva Explosives India. The board called an extraordinary general meeting on 5 November 2026 to seek shareholder approval for the issues.

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Shiva Granito Export's board approved a preferential issue of up to 54,50,000 equity shares at Rs10.50 each, aggregating Rs5.72 crore, to 17 non-promoter allottees. It also approved up to 35,00,000 fully convertible warrants at Rs10.50 each, aggregating Rs3.68 crore, to five promoter and non-promoter allottees. The largest equity allottees were Five Elements Resources with 20,00,000 shares and Manisha Mayank with 15,00,000 shares, while Topfilings India Capital Market was allotted 14,50,000 warrants and Shiva Explosives India 10,00,000 warrants. The board called an extraordinary general meeting on 5 November 2026 to seek shareholder approval. On full conversion the share count would rise from 1,32,15,050 to 2,49,65,050, with promoter holding moving from 44.46% to 27.54%.

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Oct 2 (Reuters) - Shiva Granito Export Ltd SHGX.BO:

• SHIVA GRANITO EXPORT - TO CONSIDER FUND RAISING VIA ISSUANCE OF EQUITY SHARES ON PREFERENTIAL BASIS

• SHIVA GRANITO EXPORT - TO CONSIDER ISSUANCE OF CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS

Source text: ID:nBSEc4d1WZ

Further company coverage: SHGX.BO

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Shiva Granito Export Ltd. has converted 28,00,000 convertible warrants into equity shares, raising ₹3.15 crore from promoter entities. Each warrant was converted at ₹15 per share, comprising a face value of ₹10 and a premium of ₹5. The allottees include promoter-linked entities and HUFs such as Brand Avenue Media Private Limited and Hemant Bohra HUF, all of which exercised their conversion rights in full. The fresh capital will augment the company's working capital and strengthen its balance sheet.

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