Ratnaveer board approves share allotment, warrants, and EGM date

Ratnaveer Precision Engineering announced on December 12, 2025, that its board of directors approved the allotment of 2,027,972 equity shares with a face value of Rs. 10 each at an issue price of Rs. 143 per share. These shares were issued upon the exercise of previously granted warrants on a preferential basis, raising the company’s paid-up equity share capital to Rs. 67,87,04,630, divided into 6,78,70,463 equity shares of Rs. 10 each. The sole allottee for this issuance was Vijay Sanghavi, who received shares worth Rs. 28,99,99,996.

Additionally, the board approved the issuance of 7,232,704 new warrants on a preferential basis to its promoter and promoter group. These warrants are priced at Rs. 159 each (including a premium of Rs. 149 per warrant) and are convertible into one equity share of Rs. 10 face value each, fully paid up, within 18 months of allotment. The proposed allottees for these warrants include Vijay Ramanlal Sanghavi, Seema Vijay Sanghavi, and Ratnaveer Venture.

The company also announced an Extra-Ordinary General Meeting (EGM) to be held on January 10, 2025, at 01:00 p.m. via VC/OAVM. The board meeting, which encompassed these decisions, commenced at 03:00 p.m. (IST) and concluded at 04:28 p.m. (IST).