Board Meeting Details
The Board of Directors of Sharika Enterprises Ltd met on Tuesday, June 23, 2026, from 4:00 PM to 7:30 PM and approved the following:
Fundraising Approval - Equity Shares
- Approval for raising funds through preferential issue of up to 1,51,49,079 equity shares of face value ₹5 each
- Issue price: ₹14.33 per share (including premium of ₹9.33 per share)
- Total fundraising amount: ₹21,70,86,305
- Issuance to non-promoter investors only (all allottees marked 'NP')
- Subject to approval of regulatory/statutory authorities and shareholders at EGM
- Price determined in accordance with Regulation 164 of SEBI ICDR Regulations
Equity Share Allottees Details
- 98 allottees in total
- Major allottees include:
- Veloce Opportunities Fund II: 24,42,428 shares (₹3.5 crore investment)
- Veloce Innovations LLP: 20,93,510 shares (₹3 crore investment)
- Bridge India Fund: 20,93,510 shares (₹3 crore investment)
- Veloce Opportunities Fund: 6,97,837 shares (₹1 crore investment)
- Aarii Ventures: 6,97,837 shares (₹1 crore investment)
- Multiple individual investors with investments ranging from ₹14,400 to ₹50 lakh
Fundraising Approval - Share Warrants
- Approval for raising funds through preferential issue of up to 38,38,102 share warrants
- Each warrant convertible into 1 equity share of face value ₹5 each
- Issue price: ₹14.33 per warrant (including premium of ₹9.33 per warrant)
- Total fundraising amount: ₹5,50,00,000
- Issuance to both promoters and non-promoter investors
- Conversion period: 18 months from date of allotment
- Conversion can be exercised in one or more tranches
- Full payment required before conversion exercise
- Subject to approval of regulatory/statutory authorities and shareholders at EGM
Share Warrant Allottees Details
- 8 allottees in total
- Promoter allottees:
- Rajinder Kaul: 4,77,467 warrants (₹68,42,103 investment)
- Ravinder Bhan: 3,27,947 warrants (₹46,99,476 investment)
- Arun Kaul: 3,27,928 warrants (₹46,99,204 investment)
- Non-promoter allottees include:
- Sanjay Verma: 2,62,332 warrants (₹37,59,217 investment)
- Aarii Ventures: 6,97,836 warrants (₹1 crore investment)
- Apurva Anil Sharma: 6,97,837 warrants (₹1 crore investment)
- Areyan R Lulla: 6,97,837 warrants (₹1 crore investment)
- Nikhil Santosh Oswal: 3,48,918 warrants (₹5 lakh investment)
Extra Ordinary General Meeting Arrangements
- EGM scheduled for Friday, July 17, 2026, to be held through VC/OAVM
- Purpose: Seeking shareholder approval for preferential issues
- Cut-off date for voting eligibility: Friday, July 10, 2026
- Shareholders as of close of business on July 10, 2026 eligible for remote e-voting and EGM voting
- Notice to be sent to stock exchanges and members, available on company website (www.sharikaindia.com) and BSE website
Scrutinizer Appointment
- M/s. Mihen Halani & Associates, Practicing Company Secretaries appointed as scrutinizer
- Responsible for scrutinizing e-voting process in fair and transparent manner
Contingency Provision
In event of any disqualification, Board may consider and approve designation of another investor from existing investor group, subject to necessary approvals and compliance with applicable laws.
Note on Security Numbers
Number of securities has been rounded off to nearest whole number for both equity shares and warrants.