Euro India Fresh Foods Approves ₹99 Cr Preferential Issue

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: Friday, June 19, 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Key Financial Highlights: Not Specified

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance: Not Specified

1. Increase in Authorised Capital:

The Board approved an increase in the Authorised Share Capital of the Company from the existing ₹25,00,00,000 (Rupees Twenty Five Crore Only) divided into 2,50,00,000 Equity Shares of ₹10 each to ₹30,00,00,000 (Rupees Thirty Crores Only) divided into 3,00,00,000 Equity Shares of ₹10 each.
This is subject to the approval of the shareholders of the Company and will involve an alteration of the Capital clause of the Memorandum of Association.

2. Preferential Issue of Equity Shares to Non-Promoters:

To issue and allot up to 21,10,000 (Twenty One Lakh Ten Thousand) Equity shares of face value of ₹10 each to 82 non-promoter allottees.
The issue price is ₹245 per share (including a premium of ₹235 per share).
The total amount to be raised is up to ₹51,69,50,000 (Rupees Fifty-One Crore Sixty Nine Lakh Fifty Thousand Only).
The allottees include individuals and entities like Raasha Fincap Private Limited (1,20,000 shares), Shah Smit Bhadreshbhai (1,00,000 shares), and Rajat Nirmal Jain (1,00,000 shares). A full list of 82 allottees with their allotted quantities is provided in Annexure A.

3. Preferential Issue of Fully Convertible Warrants:

To issue and allot up to 19,30,000 (Nineteen Lakh Thirty Thousand) warrants, each convertible into one equity share of ₹10 face value.
The warrants will be issued to a mix of promoter and non-promoter allottees (20 allottees in total) at a price of ₹245 per warrant.
The total amount to be raised is up to ₹47,28,50,000 (Rupees Forty Seven Crore Twenty Eight Lakh Fifty Thousand Only).
25% of the total issue price (₹11,82,12,500) is to be paid upfront.
The warrants can be converted into equity shares within 18 months from the date of allotment.
Major allottees include promoter entities like Rohankumar Hasmukhbhai Yagnik (4,66,000 warrants) and Dipesh Dinesh Sanspara (4,66,000 warrants). A full list of 20 allottees is provided in Annexure B.

4. Extraordinary General Meeting (EGM):

An EGM has been scheduled for Friday, July 17, 2026, at 12:30 P.M. through Video Conference (VC) / Other Audio Visual Means (OAVM) to seek shareholder approval for the above matters.

The Board Meeting commenced at 04:00 P.M. and concluded at 08:00 P.M.
The announcement was signed by Aniket Ranpara, Company Secretary & Compliance Officer.