Grand Oak Canyons Distillery Limited has issued a regulatory disclosure to BSE Limited regarding an upcoming board meeting. The meeting is scheduled to be held on Thursday, 5th November 2026 at the company's corporate office in New Delhi.
The primary agenda item for the board meeting is the consideration and approval of allotment of ₹20,67,00,00,000 (Twenty Thousand Six Hundred Seventy Million Rupees) comprising 206,70,00,000 (Two Hundred Six Point Seven Million) Unlisted 2% Non-Convertible Preference Shares of ₹10 each at par value. This allotment represents a conversion of an existing unsecured loan of ₹20,67,00,00,000 into equity instruments.
The disclosure is made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under sub-regulation 29(1)(d). The document also mentions that any other agenda items may be considered with prior permission of the Chairperson.
Financial Impact
The transaction involves conversion of ₹20,670 million unsecured debt into equity capital through issuance of 206.7 million preference shares, which will significantly alter the company's capital structure by reducing debt liability and increasing equity base.