Dhariwalcorp

Dhariwalcorp Limited's board approved issuance of up to 33,00,000 equity shares at Rs 26.14 each aggregating Rs 8.63 crore to its promoters and up to 1,70,01,000 convertible warrants at the same price aggregating Rs 44.44 crore to promoters and four public allottees, subject to shareholder approval at an extraordinary general meeting on 29 October and stock exchange approvals. The promoter allottees were Manish Dhariwal and Shakshi Dhariwal, while the public portion comprised Niji Corporation and three individuals. Members had approved 4,50,000 convertible warrants amounting to Rs 6.91 crore in June 2025, with in-principle approval from the National Stock Exchange following in July 2025. The company had raised Rs 25.15 crore through an initial public offering of 23,72,400 shares at Rs 106 each in August 2024 and listed on NSE Emerge. Revenue from operations was Rs 233.51 crore in the year to March 2025, with wax and chemicals contributing Rs 193.55 crore and agro processing Rs 39.96 crore, while cash flow from operations was negative Rs 13.19 crore.

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Dhariwalcorp Limited's board approved a preferential issue of 33,00,000 equity shares at Rs 26.14 each aggregating Rs 8.63 crore to promoters, alongside 1,70,01,000 convertible warrants at the same price aggregating Rs 44.44 crore to promoters and four public investors. The warrants carry 25% payable on subscription with the balance payable on exercise within eighteen months, and the proposals were made subject to shareholder approval at an extraordinary meeting on 29 October 2026 and exchange clearances. The proposal followed a smaller 4,50,000-warrant issue worth Rs 6.91 crore approved by members in June 2025 that had received in-principle approval in July 2025. The company reported revenue of Rs 233.51 crore in the year to March 2025, comprising Rs 193.55 crore from wax and white petroleum jelly and Rs 39.96 crore from agro processing, with net profit of Rs 3.56 crore. It had raised Rs 25.15 crore through its August 2024 initial public offering and had agreed in September 2026 to buy three Salawas industrial plots totalling 2,922.5 square metres for Rs 24.11 crore plus stamp duty from promoters.

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Sept 30 (Reuters) - Dhariwalcorp Ltd DHAL.NS:

• APPROVES ISSUANCE OF SHARES WORTH UP TO 86.3 MILLION RUPEES

Source text: ID:nnAZN4TMWY5

Further company coverage: DHAL.NS

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Dhariwalcorp Ltd agreed to buy three industrial plots at Village Salawas in Jodhpur measuring 2,922.5 sq mt for Rs 24.11 crore plus stamp duties. The sellers were promoters Manish Dhariwal and Shakshi Dhariwal, individually and jointly, and shareholders approved the related-party deals at the annual general meeting on 1 September 2026. The company trades paraffin and microcrystalline waxes and white petroleum jelly and recorded agro revenue of Rs 39.96 crore within Rs 233.51 crore of total revenue in FY25. It listed on NSE Emerge in August 2024 after allotting 23,72,400 shares at Rs 106 apiece to raise Rs 25.15 crore. It had acquired 5.5118 hectares for agro-based expansion and incurred Rs 3.04 crore of capital work in progress.

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Feb 20 (Reuters) - Dhariwalcorp Ltd DHAL.NS:

• RECEIVES APPROVAL FOR RIGHT ISSUE OF 117.5 MILLION RUPEES

Source text: ID:nNSE7D29l5

Further company coverage: DHAL.NS

(([email protected];))

Oct 28 (Reuters) - Dhariwalcorp Ltd DHAL.NS:

• DHARIWALCORP - SIGNING OF MEMORANDUM OF UNDERSTANDING WITH GOVERNMENT OF RAJASTHAN

• DHARIWALCORP - AGREEMENT TO ESTABLISH AGRO PROCESSING COMPLEX IN JODHPUR

Source text: ID:nNSE6x6rMK

Further company coverage: DHAL.NS

(([email protected];))