Shiva Granito Export Ltd (540072)

Shiva Granito Export has issued a corrigendum to its EGM notice for the meeting scheduled on November 05, 2026, clarifying terms of its proposed preferential issue. The issue price is fixed at ₹10.50 per share (against a revised minimum valuation of ₹10.11 per share). The company plans to allot up to 54,50,000 equity shares and 35,00,000 convertible warrants, expanding the total equity base from 1.60 crore shares to nearly 2.50 crore shares upon full conversion. Consequent to this, promoter holding will dilute from 36.68% pre-issue to 27.54% on a fully diluted basis.

• Preferential issue price set at ₹10.50 per share against a minimum floor price of ₹10.11 per share
• Proposed issuance of up to 54,50,000 equity shares and 35,00,000 convertible warrants
• Total share count increases from 1,60,15,050 to 2,49,65,050 shares on a fully diluted basis
• Promoter holding drops from 36.68% pre-issue to 27.54% post warrant conversion
• EGM scheduled for November 05, 2026 to seek shareholder approval

Shiva Granito Export Ltd has issued an addendum to its Extraordinary General Meeting (EGM) notice scheduled for November 05, 2026. The addendum adds an agenda item seeking shareholder approval for appointing Mrs. Rekha Panwar as a Non-Executive Independent Director for a 2-year tenure from October 14, 2026, to October 13, 2028. Her previous appointment had ceased due to a technical omission during the AGM e-voting process. This is a procedural governance regularization with no financial impact on the micro-cap entity (market cap Rs 12 Cr).

• EGM scheduled for November 05, 2026, at Udaipur registered office
• Proposed appointment of Mrs. Rekha Panwar for a period of 2 consecutive years (October 14, 2026 to October 13, 2028)
• Appointment proposed as a Special Resolution under Item No. 3
• Candidate holds nil equity shares and will receive only sitting fees

Shiva Granito Export has issued an EGM notice for November 05, 2026, seeking shareholder approval for a preferential fundraise. The company plans to issue up to 54,50,000 equity shares to non-promoters at ₹10.50 each, raising up to ₹5.72 crore. This equity raise represents nearly 48% of the company's current market cap of ₹12 crore. Additionally, the company is seeking approval to issue up to 35,00,000 fully convertible warrants to promoter and non-promoter groups.

• Proposed issue of up to 54,50,000 equity shares at ₹10.50 per share (face value ₹10 + premium ₹0.50)
• Total equity raise amounts to up to ₹5,72,25,000 from 17 non-promoter allottees
• Special resolution also includes issuing up to 35,00,000 fully convertible warrants to promoter and non-promoter groups
• EGM scheduled for Thursday, November 05, 2026, with remote e-voting cut-off on October 29, 2026

Shiva Granito Export's board approved raising up to ₹9.40 Cr through preferential allotments. This comprises 54.50 lakh equity shares worth ₹5.72 Cr to 17 non-promoter investors and 35.00 lakh convertible warrants worth ₹3.68 Cr at ₹10.50 per unit. The total fundraise represents ~78% of the company's current market cap of ₹12 Cr, leading to significant equity dilution. Consequently, promoter holding will dilute sharply from 44.46% down to 27.54% post full conversion.

• Preferential issue of up to 54,50,000 equity shares at ₹10.50 each to raise ₹5,72,25,000
• Preferential issue of up to 35,00,000 convertible warrants at ₹10.50 each to raise ₹3,67,50,000
• Issue price of ₹10.50 represents a premium over the current market price of ₹9.20
• Promoter shareholding will dilute from 44.46% to 27.54% post total allotment and conversion
• Extra-Ordinary General Meeting (EGM) convened on November 05, 2026 to seek shareholder approval

Shiva Granito Export Ltd has appointed Mrs. Krati Maheshwari and Mrs. Rekha Panwar as Additional Non-Executive Independent Directors for a five-year term effective August 11, 2026. Both appointees bring over 5 years of professional experience in secretarial compliance and legal matters, respectively. Mrs. Rekha Panwar will take over as Chairperson of both the Audit Committee and the Nomination & Remuneration Committee. This board reconstitution is a standard governance procedure for the micro-cap company, which has a market capitalization of Rs 15 crore.

• Appointment of 2 Additional Independent Directors for a fixed tenure of 5 years
• Mrs. Krati Maheshwari brings over 5 years of experience as a Qualified Company Secretary
• Mrs. Rekha Panwar brings over 5 years of experience in legal and corporate law
• Mrs. Rekha Panwar appointed as Chairperson of the Audit and Nomination & Remuneration Committees
• Appointments are subject to regularization by shareholders in the ensuing Annual General Meeting

Shiva Granito Export Ltd has scheduled a board meeting for August 6, 2026, to consider and approve the audited standalone financial results for the half-year and full year ended March 31, 2026. This is a routine regulatory requirement for the micro-cap company, which currently has a market capitalization of Rs 17 Cr. The results will provide clarity on whether the company has improved upon its TTM revenue of Rs 15 Cr and OPM of 6.7%. Investors should note the timing of the meeting, which occurs four months after the close of the financial year.

• Board meeting scheduled for August 6, 2026, to approve annual results.
• Covers audited standalone financial results for the year ended March 31, 2026.
• Includes results for the half-year period ending March 31, 2026.
• Company currently operates with a low ROCE of 2.2% and TTM PAT of Rs 1 Cr.