Garg Furnace Ltd

Press release details

• Press Release issued by Garg Furnace Limited for dissemination to investors and public.
• Dated 25 August 2026.

Key AGM terms

• AGM date/time/mode: August 29, 2026, 1:00 PM, physical at registered office.
• Special business: issue up to 13.98 lakh warrants convertible into equity on a preferential basis.
• Counterparties: promoter group and non-promoter category.
• Fundraise amount: up to ₹17.68 crore via warrants.
• Utilisation: capital expenditure ₹41.25 lakh; working capital ₹14.83 crore; general corporate ₹2.44 crore.
• Pricing: floor price ₹126.15; issue price ₹126.50 per warrant; ICDR framework applied.
• Valuation: independent valuer Manish Manwani; certificate available for inspection.
• Conversion: 100% conversion within the stipulated time.
• Corrigendum scope: updates to explanatory statement items (c) and (e); other terms unchanged.
• Material related party transaction: warrants allotted to promoter group and non-promoter category valued at ₹17.68 crore.

Meeting Details

• Board meeting scheduled for 14 August 2026 at the registered office, Ludhiana.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for the year ended 30 June 2026.

Other Notes

• Trading window remains closed from 1 July 2026 until 48 hours after results declaration.

Key decisions

• Approval of up to 13,98,000 warrants convertible into equity shares on a preferential basis.
• Warrants issued to Promoter & Promoter Group and Non-Promoter category, subject to shareholder and regulatory approvals.
• Issue price fixed at ₹126.50 per warrant, aggregating up to ₹17.68 crore.
• Shareholder and regulatory approvals required at the ensuing AGM for the issue.
• 53rd AGM notice approved; meeting scheduled August 29, 2026 at 1:00 PM.
• Cut-off date for voting eligibility fixed at August 22, 2026.
• Scrutinizer appointed: M/s PDM & Associates.
• Unaudited standalone and consolidated financial statements for quarter ended June 30, 2026 deferred.
• Trading window closed from July 1, 2026 until 48 hours after results approval.

Meeting Details

• Date: July 31, 2026; Time: not disclosed; Location: Registered office, Ludhiana.

Key Agenda Items

• Fund raising via preferential issue of equity shares/convertible warrants/other instruments, subject to approvals.
• Unaudited Standalone and Consolidated Financial Results for quarter and three months ended June 30, 2026.
• Any other matter as Board may decide during the meeting.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results approval for promoters, directors and KMPs.

🗓️ Meeting Details

• Board meeting scheduled for February 14, 2026, at the registered office in Ludhiana.

📊 Financial Results

• Approval of unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.