JKB Financial Services Ltd.

As on : 26-Sep-2026

Seshachal Technologies seeks shareholder approval for equity share allotment to Promoter Group
<p>Seshachal Technologies Limited will seek shareholder approval at an Extraordinary General Meeting for a preferential allotment of 59,146 equity shares to members of the Promoter Group, Ch. Narendra and Ch. Anitha, to augment the company's long-term working capital and for general corporate purposes. The allotment will increase the total post-issue capital to 7,49,360 shares, bolstering the Promoter Group’s stake from 33.87% to 38.73%. Shares issued will be subject to an 18-month lock-in period, while existing promoter holdings will be locked in for 90 trading days following trading approval. The company has received in-principle approval from BSE Limited and confirmed compliance with SEBI regulations, including the ICDR Regulations, and that the transaction does not trigger an open offer. The notice for the EGM was issued on September 19, 2026.</p>

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