D&H India

D&H India’s board withdrew its proposed preferential issue of 21,57,000 convertible warrants to promoters and the promoter group at Rs151 each, aggregating Rs32.57 crore. The proposal had been cleared by the board on 14 March 2026 and by shareholders on 10 April 2026, with an in-principle application filed with BSE on 17 March 2026 that remained pending, and the board cited a substantial rise in the share price and the delay in approval, opting to meet the objects through internal accruals and bank borrowings. The withdrawal followed a 1:4 rights issue in February 2026 that allotted 20,47,000 shares at Rs120 each aggregating Rs24.56 crore, with proceeds fully utilised towards debt repayment and general corporate purposes by March 2026. The company manufactured welding electrodes, flux and wires and reported standalone revenue of Rs252.69 crore with net profit of Rs8.40 crore in the year to March 2026. It agreed to acquire a 70,094 sqm leasehold plot at Mohana Industrial Park in Indore for Rs18 crore in September 2026 for long-term expansion. Infomerics upgraded its long-term bank facilities rating to IVR BBB with a stable outlook in June 2026.

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D&H India agreed to acquire 70,094 square metres of leasehold industrial land at Mohana Industrial Park in Indore district from DP Polymers & Chemicals Private Limited for Rs 18 crore. The plot, identified as UD-04, was unrelated to the company's promoters and no shares were issued for the transaction. The company manufactured welding consumables including electrodes, flux and wires from three plants at Sanwer Road in Indore, Sejwaya in Dhar and Borai in Durg, with domestic sales accounting for about 96% of revenue. Revenue was Rs 252.7 crore on a standalone basis in the year to March 2026, with net profit of Rs 8.4 crore. Net gearing stood at 0.42 times at the end of March after a Rs 24.56 crore rights issue whose proceeds were fully applied to debt repayment and general corporate purposes.

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Sept 23 (Reuters) - D & H India Ltd DHIL.BO:

• D & H INDIA - EXECUTES AGREEMENT TO BUY LEASEHOLD INDUSTRIAL LAND FOR 180 MILLION RUPEES

Source text: ID:nBSE6W9TQW

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March 11 (Reuters) - D & H India Ltd DHIL.BO:

• TO CONSIDER FUND RAISING VIA ISSUANCE OF WARRANTS

Source text: ID:nBSE7r7T3Y

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Sept 19 (Reuters) - D & H India Ltd DHIL.BO:

• CLOSURE OF UNIT D&H MIDDLE EAST FZE, DUBAI

Source text for Eikon: ID:nBSEy4Hrr

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May 15 (Reuters) - D & H India Ltd DHIL.BO:

• TO CONSIDER CONVERSION OF WARRANTS INTO SHARES

Source text for Eikon: ID:nBSE2DJ7Xz

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