Parth Electricals seeks approval for ₹13.76 crore preferential issue

Parth Electricals & Engineering Limited has announced an Extra-Ordinary General Meeting (EGM) to be held on June 6, 2026, via Video Conferencing. The primary agenda is to seek shareholder approval for the preferential allotment of warrants and equity shares to raise capital. The company aims to issue these securities on a private placement basis to specific individuals belonging to the promoter and non-promoter categories.

Preferential Issue Details

The Board of Directors has approved the issuance of up to 1,00,000 fully convertible equity warrants to Jigneshkumar Gordhanbhai Patel, a promoter. Additionally, the company proposes to issue up to 3,00,000 equity shares to non-promoters Sunil Murlimanohar Kabra and Prakash Diwan. The issue price for both warrants and equity shares has been set at ₹344 per unit, which includes a premium of ₹334 over the face value of ₹10.

Allottee Category Instruments No. of Securities Consideration (₹) Jigneshkumar Gordhanbhai Patel Promoter Warrants 1,00,000 3,44,00,000 Sunil Murlimanohar Kabra Non-Promoter Equity Shares 1,50,000 5,16,00,000 Prakash Diwan Non-Promoter Equity Shares 1,50,000 5,16,00,000 Total 4,00,000 13,76,00,000

Utilization of Proceeds

The company intends to utilize the net proceeds from the issue to meet working capital requirements and for general corporate purposes. Funds allocated for working capital are estimated at ₹13.55 crore, while ₹21 lakh is earmarked for general corporate purposes. The deployment of funds is expected to be completed within one year from the date of receipt.

EGM and Voting Schedule

The EGM is scheduled for Saturday, June 6, 2026, at 5:00 p.m. IST. The e-voting facility will be available from June 3, 2026, to June 5, 2026. The cut-off date for determining shareholder eligibility to vote is May 30, 2026. The company has appointed Kfin Technologies Limited as the e-voting agency and Mr. Ranjit Singh of M/s. Ranjit & Associates as the scrutinizer for the meeting.

Parth Electricals & Engineering Limited has scheduled a conference call to discuss the audited standalone financial results for the year ended March 31, 2026. The meeting will be held on May 21, 2026, at 4:00 PM IST, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company will be represented by key management personnel during the interaction. The attendees include Mr. Jignesh Gordhanbhai Patel, Managing Director; Mr. Darshan Shukla, Technical Director; Mr. Bhavin Chavda, Chief Financial Officer; and Mr. Karan Anchalia, IR Advisor.

Conference Call Details

The post-earnings conference call will cover the financial performance for H2 and FY26. Participants can join the discussion using the details provided below. The company noted that it will refer to publicly available information and documentation during the interactions at the meeting.

Participant Information

Name Designation Mr. Jignesh Gordhanbhai Patel Managing Director Mr. Darshan Shukla Technical Director Mr. Bhavin Chavda Chief Financial Officer Mr. Karan Anchalia IR Advisor

Access Numbers

Region Dial-in Number Universal Dial In +91 22 6280 1488, +91 22 7115 8869 International Toll Free Argentina 0080014243444 Australia 0080014243444 Belgium 0080014243444 Canada 01180014243444 China 4008428405 France 0800914745 Germany 0080014243444 Hong Kong 800964448 Italy 0080014243444 Japan 00531161110 Netherlands 08000229808 Poland 008001124248 Singapore 8001012045 South Korea 00180014243444 Sweden 0080014243444 Thailand 00180014243444 UK 08081011573 USA 18667462133

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