Sumedha Fiscal board approved preferential issue of 400,000 equity shares at ₹41.05 each to raise ₹1.64 crore.
Board also approved issue of 250,000 convertible warrants at ₹41.05 each, convertible to equity shares within 18 months.
Extraordinary General Meeting scheduled for June 11, 2026 to seek shareholder approval for both issuances.
Post-issue shareholding to change with Oasis Securities holding 3.47% and Savita Maheshwari holding 5.29%.