31-Oct-2026 11:31:20
FLYWINGS SIMULATOR TRAINING CENTRE: APPROVES ₹68.20 CR PREFERENTIAL WARRANT ISSUE TO PROMOTER & INVESTORS
• Fundraising: Board approved issuance of fully convertible warrants aggregating up to ₹68.20 Cr • Issue Structure: Warrants to be issued on a preferential basis to promoter and public-category investors • Promoter Investment: Rupal Sanjay Mandavia proposed to invest ₹25 Cr • Major Investor: RAV Investments (through its partners) proposed to invest ₹20 Cr • Other Investors: Remaining ₹23.20 Cr proposed from six additional investors • Conversion Rights: Each warrant entitles the holder to subscribe to one equity share of ₹10 face value • Issue Price: To be determined by the Board in accordance with SEBI regulations • Payment Mode: Proposed fundraising through cash consideration • Regulatory Approval: Preferential issue remains subject to shareholder approval and applicable regulatory requirements Impact: Neutral to Positive (Proposed ₹68.20 Cr fundraising could strengthen the company's financial position, although warrant conversion may result in equity dilution.)
FLYWINGS SIMULAT T C LTD