Stellar Securities Board Approves Capital Expansion and Major Preferential Issuance Plans

At its Board meeting on November 14, 2025, Stellar Securities (India) Ltd made key decisions aimed at strengthening its capital base and fundraising capacity. The company approved, subject to shareholder consent, an increase in its authorized share capital from ₹5 crore (50 lakh equity shares of ₹10 each) to ₹7 crore (70 lakh equity shares). This change will require amending the company's Memorandum of Association.

In addition, the Board sanctioned a preferential issue of 7,05,882 convertible warrants to promoters at a price of ₹340 each, including a premium of ₹330, aggregating nearly ₹24 crore. These warrants will convert into equity shares, enhancing promoter stakes.

Simultaneously, the Board approved a preferential issuance of 25,57,730 equity shares to public investors at ₹290 per share, including a premium of ₹280, raising over ₹74 crore. This will broaden the shareholder base and infusion of fresh capital.

To finalize these capital measures, the company will hold an Extra Ordinary General Meeting on December 10, 2025, at its registered office to seek shareholder approval on the proposals.

Key Highlights:

- Authorized share capital increase from ₹5 crore to ₹7 crore 

- Issuance of 7,05,882 convertible warrants to promoters at ₹340 each

- Preferential issuance of 25,57,730 equity shares to public investors at ₹290 each

- Aggregate preferential issues to raise approximately ₹98 crore

- Extra Ordinary General Meeting scheduled for December 10, 2025, for shareholder approval

- Amendments to Memorandum of Association needed for capital increase

- Moves aimed at capital expansion and strategic fundraising for growth

These corporate actions signal Stellar Securities' intent to bolster its equity base through promoter and public participation via preferential allotments, positioning the company for upcoming opportunities.

Sources: NSE Circular, BSE Announcements, Business Standard, BlinkX.