Fundraise / allotmentNotableFiled on NSE ·

Flywings Simulator Training Centre seeks approval for 29,87,760 warrants at ₹245

Flywings Simulator Training Centre · Other Consumer Services

Arthneeti Research DeskPublished 1 min read
₹35 CrFundraise / allotment

Key highlights

  • Board approved on 5 Nov 2026 the issue of up to 29,87,760 fully convertible warrants at ₹245 each, aggregating up to ₹73,20,01,200, subject to shareholder approval at the EGM on 27 Nov 2026.
  • 25% of the warrant issue price is payable on allotment and the balance 75% on exercise of the warrants; allottees include promoter Rupal Sanjay Mandavia and public-category investors.
  • Estimated uses by 30 September 2028: loan repayment ₹3,500.00 lakh, potential acquisitions of unidentified targets ₹2,000.00 lakh, general corporate purposes ₹1,820.01 lakh.

Why it's rated notable: the amount is 24% of market value (20% to 50%)

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Shareholders meeting

Read the filing on NSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.