Mumbai : Encompass Design India Limited a house of premium consumer brands built specifically for affluent India, today announced that its Board of Directors have approved a preferential issue of equity shares to raise ₹95.25 crore, subject to the approval of shareholders and other applicable statutory and regulatory approvals.
The Board has approved the issuance of up to 38,10,000 equity shares at an issue price of ₹250 per share, comprising a face value of ₹10 and a premium of ₹240 per share. The proposed fund raise is aimed at strengthening the company’s capital base and supporting its long-term growth strategy.
Commenting on the development, Mr. Amit Dalmia, Chairman & Managing Director, Encompass Design India Limited, said: “The Board’s approval of the preferential issue marks another important milestone in Encompass Design India’s growth journey. The proposed capital infusion reflects the confidence that both our promoters and investors have in the company’s long-term vision and execution capabilities. The additional capital will further strengthen our financial position, enhance our ability to pursue strategic opportunities, expand our business capabilities, and create sustainable value for all stakeholders. We remain committed to delivering innovative products, operational excellence, and long-term profitable growth.”
The Board has also approved convening an Extraordinary General Meeting (EGM) to seek shareholders’ approval for the proposed preferential issue. The allotment will be completed upon receipt of the necessary shareholder and regulatory approvals in accordance with applicable laws.
The preferential issue has been structured in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the applicable provisions of the Companies Act, 2013. The proposed allotment includes participation from both promoter and non-promoter investors, reflecting continued confidence in Encompass Design India’s business fundamentals, strategic direction, and future growth potential.
The proposed capital raise marks a significant step in Encompass Design India’s growth journey, reinforcing its commitment to strengthening its market position, driving innovation, and delivering long-term value to customers, partners, and shareholders.