Oseaspre Consultants Ltd has approved a proposal to issue up to 5,00,000 equity shares at Rs 48 per share on a preferential basis to non-promoter investors, subject to shareholder approval. The board has also approved increasing the company's authorised share capital from Rs 20 lakh to Rs 70 lakh. Shareholders will vote on both proposals at an Extraordinary General Meeting scheduled for October 30, 2026.
Oseaspre Consultants Approves Preferential Share Issue And Capital Expansion
Issue size: Up to 5,00,000 equity shares at Rs 48 each.
Authorised capital proposed to increase from Rs 20 lakh to Rs 70 lakh.
Reader Takeaway: Fresh equity can strengthen capital, but existing shareholders should watch dilution and EGM approval.
What just happened
The Board of Oseaspre Consultants Ltd has approved a preferential issue of up to 5,00,000 equity shares at an issue price of Rs 48 per share. Each share carries a face value of Rs 10.
The proposed allotment will be made to investors outside the promoter and promoter group and remains subject to shareholder approval.
The company has also approved an increase in its authorised share capital from Rs 20 lakh, comprising 2,00,000 equity shares of Rs 10 each, to Rs 70 lakh, comprising 7,00,000 equity shares of Rs 10 each.
Why this matters
The preferential issue would enable the company to raise up to Rs 2.40 crore before expenses if fully subscribed. Increasing authorised share capital provides sufficient headroom for issuing the proposed shares.
The transaction will also alter the company's shareholding structure after completion.
What changes now
According to the proposed allotment structure, Nimesh Sahadeo Singh is expected to receive up to 3,25,000 shares and could hold about 46.43% of the post-issue equity, assuming full allotment.
Other proposed allottees include Jaya Prem Rajdev, Pramesh Wealth Private Limited, Modi Jaymin Piyushbhai, Vanita Pravin Patel, Mittal Nilesh Sangani and Neha Manish Shanghvi in the quantities disclosed by the company.
What happens next
An Extraordinary General Meeting has been scheduled for October 30, 2026, where shareholders will consider the preferential issue and the increase in authorised share capital.
The board has appointed CS Nuren Nirmal Lodaya, Practising Company Secretary, as the scrutinizer to oversee the remote e-voting and e-voting process.
Risks to watch
The proposal will proceed only after shareholder approval and completion of applicable regulatory requirements. Existing shareholders should monitor the resulting equity dilution, final allotment details and changes in the ownership structure following completion of the preferential issue.