Sharvaya Metals has informed that the Board of Directors of Sharvaya Metals in their meeting held today, ie., Wednesday, 14th day of October, 2026, have considered, recommended, and approved the following matters: 1) Approved increased in Authorised Share Capital of the Company and consequently amendment in Clause V/5 of the Company’s Memorandum of Association, subject to approval of the shareholders of the Company. 2) Approved, subject to shareholders and regulatory authorities: (a) to create, offer, issue and allot up to and deliver, in one or more tranches, up to 8,11,000 (Eight Lakhs Eleven Thousand) Fully Convertible Warrants (“Warrants”) of face value INR 10/- (Indian Rupees Ten Only) each at an issue price of INR 144/- (Indian Rupees One Hundred Forty-Four only) per Warrants, with each Warrant carrying a right to subscribe to 1 (one) Equity Share of face value INR 10/- (Indian Rupees Ten only) each of the Company (“Equity Shares”) at any time within a period of 18 (Eighteen) months from the date of allotment of such Warrants, total aggregating to INR 11,67,84,000/- (Indian Rupees Eleven Crores Sixty-Seven Lakhs Eighty-Four Thousand only) for cash to the proposed allottees (herein referred as “Proposed Warrant Allottees”), on a preferential basis, in accordance with the SEBI ICDR Regulations and other applicable laws and on such terms and conditions as the Board may deem fit, in its absolute discretion, without requiring any further consent or approval of the Members.
The above information is a part of company’s filings submitted to BSE.
