Dhampure Speciality Sugars approves ₹9.33 crore preferential Issue of 8.8 lakh warrants

Dhampure Speciality Sugars Limited has approved a preferential issue of 8.8 lakh fully convertible equity warrants at ₹106 each to promoters and promoter group members, subject to shareholder approval.

Dhampure Speciality Sugars Limited’s board of directors has approved a preferential issue of up to 8,80,000 fully convertible equity warrants, aimed at raising ₹9.33 crore, as part of its capital-raising strategy. The decision was taken at the board meeting held on February 19, 2026, at the company’s corporate office in New Delhi.

The warrants will be issued at a price of ₹106 per warrant, comprising a face value of ₹10 and a premium of ₹96, in line with SEBI ICDR Regulations. Each warrant is convertible into one equity share, with a conversion window of 18 months from the date of allotment, allowing conversion in one or more tranches.

Key Details of the Warrant Issue

Total warrants: 8,80,000

Issue price: ₹106 per warrant

Total funds to be raised: ₹9,32,80,000

Tenor: 18 months from allotment

Proposed Allottees

The warrants will be allotted equally among four promoter and promoter group members, with 2,20,000 warrants each, ensuring continued promoter participation in the company’s growth plans.

Impact on Shareholding

Upon full conversion of the warrants, the shareholding pattern of promoters and promoter group members will change on a fully diluted basis, increasing their absolute equity holding while marginally altering percentage ownership due to equity expansion.

Shareholder Approval

To comply with regulatory requirements, the company has scheduled an Extraordinary General Meeting (EGM) on March 18, 2026, to seek shareholder approval for the preferential issue. The board has approved the EGM notice as part of the process.

The preferential issue is expected to strengthen Dhampure Speciality Sugars’ capital base while reinforcing promoter confidence and long-term commitment to the business.