Durlax Top Surface Ltd

Fund Raise

Durlax Top Surface Fund Raise

Durlax Top Surface Limited clarified terms for its proposed preferential issue of convertible warrants. The clarification addresses fund utilization timelines and a minor valuation price rounding difference.

Fund Raise

Durlax Top Surface Fund Raise of ₹49 Cr

Durlax Top Surface Limited has approved a preferential issue of 1,03,15,790 fully convertible warrants to 12 investors, raising ₹49 Crore. The warrants are priced at ₹47.50 each and are convertible into equity shares within 18 months. This fundraise will increase the company's paid-up share capital from 2,89,32,198 to 3,92,47,988 shares upon full conversion.

Value

₹49.00 Cr

Execution

18 months

Fund Raise

Durlax Top Surface Fund Raise of ₹49 Cr

Durlax Top Surface Limited approved a preferential issue of 1,03,15,790 fully convertible warrants at ₹47.50 each, aggregating to ₹49.00 Crore. The issue targets promoters and identified non-promoters to raise capital. Additionally, the board approved remuneration increases for the Managing Director and Whole-time Director, effective April 2026.

Value

₹49.00 Cr

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Durlax Top Surface Fund Raise

Durlax Top Surface Limited has scheduled a board meeting for April 16, 2026, to consider a proposal for raising funds through a preferential issue. The company's trading window has been closed since April 1, 2026, in anticipation of the upcoming financial results and fund-raising deliberations.