Shree Salasar Investments Approves ₹3.24 Crore Preferential Warrants Issue; Shares End At 5% Upper Band

On February 26, 2026, Shree Salasar Investments Limited said its board approved the issuance of up to 1,850,000 convertible warrants at ₹175 apiece, aggregating to ₹32.38 million (₹3.24 crore), subject to shareholder approval under SEBI regulations.

Board Clears ₹32.38 Million Preferential Issue

The decision was taken at the board meeting held on Thursday between 12:30 pm and 1:30 pm, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company will issue up to 1,850,000 warrants on a preferential basis in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Each warrant will be convertible into one equity share of face value ₹10.

The issue price has been set at ₹175 per warrant, not lower than the price determined under the ICDR pricing formula. At this level, the total fundraise works out to ₹32,375,000, or roughly ₹3.24 crore. The warrants, once allotted, may be exercised at any time within 18 months from the date of allotment.

The proposed allottees comprise four investors:

• Ajay Sarupria (Promoter) – 900,000 warrants
• Shailesh Hinhar (Promoter) – 900,000 warrants
• Harshad Dholakia (Non-promoter) – 25,000 warrants
• Seeta Dholakia (Non-promoter) – 25,000 warrants

The board has also approved the notice to convene an Extraordinary General Meeting to seek shareholders’ consent for the preferential allotment.

Stock Locked At Upper Circuit On Thursday

Shares of Shree Salasar Investments Ltd closed at ₹283.75 on February 26, 2026, up ₹13.50 or 5.00% from the previous close of ₹270.25, as per BSE data at 16:01 IST.

The stock opened at ₹283.75 and remained locked at that level through the session, with the day’s high and low both recorded at ₹283.75 indicating a full upper circuit close. The 52-week high now stands at ₹283.75, while the 52-week low is ₹14.58.

The scrip is currently under ESM Stage 1 surveillance and trades with a 5% price band, according to exchange classification.

Promoter Holding To Rise Post Conversion

As detailed in Annexure 2 of the filing, conversion of the warrants would increase promoter ownership.

Ajay Sarupria’s holding would rise from 2,338,779 shares (33.55%) to 3,238,779 shares (36.71%). Shailesh Hinhar’s stake would increase from 2,340,778 shares (33.57%) to 3,240,778 shares (36.74%).

Among non-promoters, Harshad Dholakia and Seeta Dholakia would each see their holdings move from 7,500 shares (0.11%) to 32,500 shares (0.37%) following conversion.

The post-issue percentages have been calculated after factoring in the preferential allotment of convertible warrants into equity shares, as stated in the disclosure.

Company Profile

Shree Salasar Investments Limited is a Mumbai-based company classified under “Other Financial Services” on the BSE. The equity shares are listed under Scrip Code 503635.

At the closing price of ₹283.75 on February 26, 2026, the company’s market capitalisation stood at approximately ₹1.98 billion, according to exchange data.

Conclusion

If approved and fully converted, the preferential issue would infuse ₹3.24 crore into the company and consolidate promoter ownership. The proposal remains subject to shareholder approval and compliance with applicable SEBI ICDR provisions.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/71d92c17-496c-4415-94ff-4a38f8b85701.pdf
• https://www.bseindia.com/stock-share-price/shree-salasar-investments-ltd/salsain/503635/