💡 Shareholders approved issuance of ₹6.66 crore convertible warrants to specified investors at premium price.
What Happened
Marvel Decor Limited announced that shareholders have approved two key agenda items at their Extra-Ordinary General Meeting held on April 18, 2026. The company received approval to alter its Articles of Association to include provisions for issuing warrants and to issue up to 12,00,000 convertible warrants to specified investors on a preferential basis.
Key Details
- Company: Marvel Decor Limited
- Event Type: Fundraise
- Filing Date: 19-Apr-2026 14:09:27
- NSE Filing: View Document
Why It Matters
The approval allows Marvel Decor to raise up to ₹6.66 crore through the issuance of convertible warrants at ₹55.50 each, which represents a significant premium to the face value of ₹10 per share. This fundraise through preferential allotment to specified investors indicates institutional interest and provides capital for potential business expansion or working capital requirements. The warrants are convertible into equity shares within 18 months, which could lead to equity dilution but also brings fresh capital into the company.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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