Marble City India warrants: ₹77.55 crore fundraise

Board clears preferential issue of convertible warrants

Marble City India Limited has approved a preferential issue of up to 66 lakh convertible warrants, targeting a fundraise of up to ₹77.55 crore. The proposal was approved by the company’s board and will move to shareholders for approval through an Extraordinary General Meeting (EGM). The issuance is structured as warrants that can be converted into equity shares, a route commonly used for staged capital infusion. The company indicated the issue is meant for six non-promoter investors. The move is notable because it increases potential equity capital over time, subject to conversions and approvals.

The company also communicated procedural details around shareholder communication and voting. It set a cut-off date to determine eligible shareholders who will receive the EGM notice and e-voting information. Alongside the corporate action, the company reiterated compliance steps under insider trading regulations around trading window closure for designated persons.

Warrant structure, pricing, and conversion timeline

The board approved issuance of up to 66,00,000 convertible warrants at an issue price of ₹117.50 per warrant. The aggregate size of the proposed issue is up to ₹77.55 crore. Each warrant is convertible into one equity share of face value ₹5. The conversion period is within 18 months, and conversion is subject to shareholder and regulatory approvals.

Because warrants convert later, the final equity dilution depends on how many warrants are converted within the permitted period. The pricing at ₹117.50 per warrant, as disclosed, sets the conversion-linked entry level for incoming investors. The company’s disclosures frame the proposal as a preferential issue to identified allottees, rather than a broad-based public issuance.

Six non-promoter allottees and disclosed stake detail

Marble City India stated that six non-promoter investors have been selected as allottees for the proposed warrants. Among these, three entities were described as holding a 4.91% stake each. The company’s update, as provided, did not list names in the extracted highlights, but it did specify the allottees are non-promoters.

Preferential allotments to non-promoters typically draw investor attention because they can signal external investor interest and potentially broaden the shareholder base. At the same time, the transaction requires shareholder approval and must follow regulatory conditions, including pricing and disclosure requirements.

EGM on October 14, 2026: time, mode, and agenda

The company has convened an Extra-Ordinary General Meeting for Wednesday, October 14, 2026 at 10:00 am. The meeting will be held through video conferencing or other audio-visual means. Shareholders will be asked to consider and approve the preferential issue proposal as part of the agenda.

Marble City India also set September 18, 2026 as the cut-off date for determining shareholders eligible to receive the notice and e-voting details. This cut-off date is relevant for participation and voting on the special resolution(s) typically required for preferential issues. The company’s next formal step is therefore the shareholder vote, after which regulatory processes and allotment actions can proceed.

Insider trading compliance and trading window closure

The company noted that, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons remains closed. As stated, the closure will continue until 48 hours after the declaration of the board meeting outcome.

Such disclosures are standard for listed companies around material corporate events and board meeting outcomes. The disclosure highlights that the company is aligning internal trading restrictions with regulatory expectations during sensitive periods.

Stock snapshot: prices, circuits, and 52-week range

Market data points in the provided text show Marble City India’s share price moving within the ₹170 to ₹179 zone in one snapshot. That snapshot lists a previous close of ₹175.40, an open of ₹174.95, a day high of ₹179.00, a day low of ₹170.10, and volume of 18,704. It also lists a 52-week low of ₹83.90 and a 52-week high of ₹185.00, along with lower and upper circuit levels of ₹166.75 and ₹184.25, respectively.

A separate stated data point in the material puts the share price of MARBLE at ₹172.95 as on 23 September 2026. The same collection of information also references a market capitalisation of ₹456.83 crore (also shown as about ₹457 crore in another snapshot). Historical return figures included in the text show a 1-month return of +46.92% and a 3-month return of +58.62%, as presented.

Business profile and sector tags cited

Marble City India is described as an India-based marble company engaged in manufacturing, processing and trading of imported marbles and slabs. Another description in the provided material states that, incorporated in 1993, it is in the business of cutting, finishing, and trading of imported marble. The stock is shown as listed on BSE with the symbol 531281.

The company is tagged under the Consumer Durables industry in the extracted material, with additional labels such as small cap and retail sector appearing in the same dataset. These classifications can vary across data providers, but they frame the stock within a consumer-facing, building-materials linked theme.

Financial snapshot: revenue and profitability figures cited

The provided content includes multiple financial snapshot lines for the June 2026 quarter period. One section states: Revenue of ₹24.61 crore as on June 2026 (Q1 FY27) and Net Profit of ₹2.58 crore as on June 2026 (Q1 FY27). Separately, a quarterly table titled “All Figures in Cr.” lists net sales of ₹18.02 crore for Jun 2026 and operating profit of ₹4.41 crore for the same period, along with other line items such as other income, interest, and adjusted EPS.

Taken together, the disclosed numbers indicate the company is reporting positive operating profit and positive net profit in the cited period, while also carrying interest costs as shown in the quarterly table. Investors typically track how capital raised through instruments like warrants aligns with operating performance and balance-sheet needs, but the company’s provided highlights focus on the fundraise mechanics rather than use of proceeds.

Key facts table: warrant issue and EGM

Why the event matters for shareholders and market watchers

Preferential warrant issuance is a material corporate action because it can lead to future equity issuance through conversion. The headline fundraise figure of up to ₹77.55 crore sets the maximum capital inflow expected from the instrument, subject to the actual allotment and subsequent conversion mechanics. For shareholders, the central near-term milestone is the October 14, 2026 EGM vote, since the conversion-linked issuance is conditional on shareholder and regulatory approvals.

From a market perspective, the pricing and size of the warrant issue often become reference points for how incoming investors value the business relative to the prevailing market price. Separately, the company’s disclosure of trading window closure under SEBI’s insider trading regulations signals that the event is being treated as price-sensitive information for internal compliance purposes.

What to watch next

The next confirmed event in the company’s timeline is the EGM on October 14, 2026, where shareholders will consider the preferential issue. Investors will also track subsequent filings around shareholder voting results, allotment completion, and any regulatory clearances referenced in the approvals process. Over the following months, the market will monitor if and when warrant conversions occur within the 18-month window, since that is when the equity impact becomes fully effective.