Shree Pushkar expands subsidiary, plans capital raise for fertilizer capacity boost

Shree Pushkar Chemicals & Fertilisers Ltd. has announced an INR 350 crores capital expenditure for the expansion of its wholly-owned subsidiary, Madhya Bharat Phosphate Private Limited, at Meghnagar, Jhabua, Madhya Pradesh. This expansion aims to enhance its complex fertilizer capacity by 300,000 MTPA to meet growing customer demand, with completion targeted by March 2028. The funding for this expansion will come from a preferential issue to promoters and internal accruals.

To support this expansion and boost its capital base, the company plans to issue up to 736,196 fully convertible warrants to Gautam Gopikishan Makharia, promoter and joint managing director, at a price of INR 407.50 per warrant. These warrants, convertible into equity shares, will aggregate up to INR 29,99,99,870. Following full conversion, Makharia's shareholding will increase from 5% to 7.11%.

The company will also increase its authorized share capital from INR 32,50,00,000 to INR 33,50,00,000 by creating an additional 1,000,000 equity shares of INR 10 each, with a consequential amendment to the Memorandum of Association. An Extra-Ordinary General Meeting will be held on Wednesday, December 10, 2025, to approve these proposals. The cut-off date for e-voting entitlement is December 3, 2025.