Future Market Networks ₹21.6 Crore Preferential Issue

Future Market Networks Limited calls an EGM on June 17, 2026, to seek shareholder approval for a preferential issue of equity shares and warrants.
The company proposes to issue 100,000 equity shares and 1.99 crore warrants to Westfield Hygiene Private Limited at ₹10.80 per security, raising up to ₹21.6 crore.
Warrants are convertible into equity shares within 18 months, requiring 25% payment upfront and 75% upon conversion, with proceeds earmarked for working capital and general corporate purposes.
The issue price was determined per SEBI ICDR regulations using a 10-day VWAP of ₹10.80 and an independent valuer's report, with the relevant date set as May 18, 2026.