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Seshachal Technologies Limited will seek shareholder approval at an Extraordinary General Meeting for a preferential allotment of 59,146 equity shares to members of the Promoter Group, Ch. Narendra and Ch. Anitha, to augment the company`s long-term working capital and for general corporate purposes. The allotment will increase the total post-issue capital to 7,49,360 shares, bolstering the Promoter Group’s stake from 33.87% to 38.73%. Shares issued will be subject to an 18-month lock-in period, while existing promoter holdings will be locked in for 90 trading days following trading approval. The company has received in-principle approval from BSE Limited and confirmed compliance with SEBI regulations, including the ICDR Regulations, and that the transaction does not trigger an open offer. The notice for the EGM was issued on September 19, 2026.

Seshachal Technologies Limited will hold a board meeting on September 19, 2026, to evaluate a proposal for raising funds through the issuance of equity shares or convertible equity warrants, or another permissible method, subject to regulatory and shareholder approvals. Trading window for the company’s securities will be closed for insiders from September 16, 2026, until 48 hours after the board meeting’s outcome.

Seshachal Technologies will hold a meeting of the Board of Directors of the Company on 14 August 2026.

Seshachal Technologies will hold a meeting of the Board of Directors of the Company on 13 May 2026.

Seshachal Technologies will hold a meeting of the Board of Directors of the Company on 5 March 2026.Powered by Capital Market - Live News