Sirca Paints to Issue 20.11 Lakh Shares via Preferential Issue, Raising ₹76.32 Crore
Sirca Paints India Limited has announced the approval to issue up to 20,11,000 equity shares at a price of ₹379.50 per share, aggregating up to ₹76.32 crore, to certain non-promoter group persons via preferential issue. The decision was made during the board meeting held on July 14, 2025.
Preferential Issue DetailsParticulars
Details
Type of Issuance
Preferential IssueNumber of Equity Shares
Up to 20,11,000Issue Price per Share
₹379.50Total Amount to be Raised
₹76.32 Crore
Issuance of Equity SharesThe board of directors of Sirca Paints India Limited approved the issuance of up to 20,11,000 equity shares to non-promoter group individuals. This decision aligns with Section 42 and Section 62(1)(c) of the Companies Act, 2013, and adheres to the Companies (Prospectus and Allotment of Securities) Rules, 2014, Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Listing Regulations. The issuance is subject to the approval of the company's members and other regulatory bodies.Extraordinary General MeetingTo seek the consent of its members for the equity share issuance, Sirca Paints will hold an extraordinary general meeting (EGM) on Tuesday, August 5, 2025, via video conferencing or other audio-visual means. The cut-off date to determine the eligibility of members for remote e-voting at the EGM is set for Tuesday, July 29, 2025.Details of Allottees/InvestorsThe preferential issue includes participation from several investors, with Sirca S.P.A leading the list with a proposed subscription of 2,63,500 shares for approximately ₹9.99 crore. Other significant investors include N-3 Shares and Stock Vision Private Limited, Girish Sareen, Mala Sareen and NDB International.Annexure-1 Outcome of the CategoryThe following table shows the names of the investors/proposed allottees, their category (Promoter and Non-promoter), the number of shares, subscription and Investment amount:
Details of InvestorsNames of the Investors/ proposed AllotteesCategoryNo. of Shares
Investment amount (INR)
Sirca S.P.ANon-Promoter2,63,500
9,99,98,250N-3 Shares and Stock Vision Private LimitedNon-Promoter1,31,000
4,97,14,500Girish SareenNon-Promoter1,10,050
4,17,63,975Mala SareenNon-Promoter1,00,000
3,79,50,000NDB InternationalNon-Promoter1,00,000
3,79,50,000Shree Ganga Leasing Company LtdNon-Promoter52,500
1,99,23,750New Spice Sales and Solution LimitedNon-Promoter50,000
1,89,75,000Shantanu AgarwallaNon-Promoter50,000
1,89,75,000Indu AroraNon-Promoter40,000
1,51,80,000Naman BagriNon-Promoter39,500
1,49,90,250Sachin Kumar HUFNon-Promoter32,500
1,23,33,750Tushr GuptaNon-Promoter30,000
1,13,85,000Vivek Kumar SinghalNon-Promoter30,000
1,13,85,000Kanika GuptaNon-Promoter27,000
1,02,46,500Vinod Kumar AgrawalNon-Promoter27,000
1,02,46,500Sunita SharmaNon-Promoter27,000
1,02,46,500Sandeep SinghNon-Promoter26,300
99,80,850Meenu RakhejaNon-Promoter26,300
99,80,850Ram Niwas GoelNon-Promoter26,300
99,80,850Saumya Wood Extraction LLPNon-Promoter35,000
1,32,82,500Anuj Agarwal HUFNon-Promoter25,000
94,87,500Sushil GoelNon-Promoter25,000
94,87,500Veena GuptaNon-Promoter25,000
94,87,500Kaizan Capital Services Pvt Ltd.Non-Promoter25,000
94,87,500Leelabihari Finance Pvt LtdNon-Promoter25,000
94,87,500Garima GuptaNon-Promoter25,000
94,87,500Simmi SarafNon-Promoter25,000
94,87,500Preeti SarafNon-Promoter25,000
94,87,500Darato Portfolio Pvt. Ltd.Non-Promoter20,000
75,90,000Chetan GoelNon-Promoter20,000
75,90,000Darshak ShahNon-Promoter20,000
75,90,000Vipin Ramniwas GuptaNon-Promoter20,000
75,90,000Vinod Kumar AgarwalNon-Promoter20,000
75,90,000Amit KumarNon-Promoter20,000
75,90,000Satyanarayan ModiNon-Promoter20,000
75,90,000Sapna KediaNon-Promoter20,000
75,90,000Sourabh GargNon-Promoter20,000
75,90,000Gaurav GuptaNon-Promoter20,000
75,90,000Tarang GoyalNon-Promoter20,000
75,90,000Neena GoyalNon-Promoter20,000
75,90,000Charu AgarwalNon-Promoter20,000
75,90,000Rajat AgarwalNon-Promoter19,750
74,95,125Sarthak GarkhelNon-Promoter19,750
74,95,125Arjun Shanker GuptaNon-Promoter19,750
74,95,125Varun JunejaNon-Promoter19,750
74,95,125MSA EnterprisesNon-Promoter19,750
74,95,125Sam Realtown Pvt. Ltd.Non-Promoter15,000
56,92,500Mas Advisory Services Pvt LtdNon-Promoter15,000
56,92,500AKB Family Office LLPNon-Promoter15,000
56,92,500Ritu GoelNon-Promoter15,000
56,92,500Saksham GuptaNon-Promoter15,000
56,92,500Jai Prakash BansalNon-Promoter15,000
56,92,500Kavay ShahNon-Promoter15,000
56,92,500Virendra Mohan Rathi HUFNon-Promoter13,500
51,23,250Shilpi MittalNon-Promoter10,000
37,95,000Vineet AgarwalNon-Promoter10,000
37,95,000Vishnu Agarwal HUFNon-Promoter10,000
37,95,000Jyoti bansalNon-Promoter10,000
37,95,000Ashish Kumar JainNon-Promoter10,000
37,95,000Pavan Kumar SardaNon-Promoter10,000
37,95,000Stuti GuptaNon-Promoter10,000
37,95,000Deepak ChaudharyNon-Promoter10,000
37,95,000Amit GuptaNon-Promoter9,800
37,19,100Ruchika Rakesh AgarwalNon-Promoter5,000
18,97,500Mukesh SaraswatNon-Promoter5,000
18,97,500Sambhu BhutiaNon-Promoter5,000
18,97,500Anu TibrewalNon-Promoter5,000
18,97,500
Total20,11,000
76,31,74,500