HIGHNESSHighness Microelectronics Ltd.
Highness Microelectronics plans ₹10.84 crore preferential issue at ₹315 a share
- Capital raise
- digital imaging solutions
Reviewed byRachit TripathiBlacklitt Research
Highness Microelectronics (NSE: HIGHNESS) said in a filing on 05 Nov 2026 that its board approved a preferential issue of up to 3,44,000 equity shares at ₹315 each, aggregating ₹10.84 crore, to nine identified allottees.
Key highlights
- Issue size: up to 3,44,000 equity shares of ₹10 face value
- Issue price: ₹315 per share, including a premium of ₹305
- Aggregate amount: ₹10.84 crore
- Promoter holding: 64.96% before, 60.90% after allotment
- Extraordinary General Meeting: 04 Dec 2026
The preferential issue in numbers
| Item | Detail |
|---|---|
| Securities | Equity shares of ₹10 face value each |
| Number of shares | Up to 3,44,000 |
| Issue price | ₹315 per share, including premium of ₹305 |
| Aggregate amount | ₹10.84 crore |
| Type of issue | Preferential issue on a private placement basis |
| Allottees | Nine named investors, including India Equity Fund and Avora SME Fund 1 |
| Approvals | Members in a general meeting and other statutory approvals |
| Extraordinary General Meeting | 04 Dec 2026 at the registered office |
Size of the issue against the share base
The issue would add up to 3,44,000 shares to the pre-issue total of 51,63,600 shares, taking the post-allotment total to 55,07,600 shares. The aggregate amount of ₹10.84 crore is the figure the filing gives for the whole issue.
The company's latest reported quarter, Q4 FY26 standalone, showed total income of ₹9.55 crore and net profit of ₹3.18 crore, so the issue amount is larger than that quarter's net profit.
Shareholding before and after the allotment
Promoter and promoter group holding falls from 64.96% to 60.90% on the filing's figures, while public shareholding rises from 35.04% to 39.10%. The pre-issue pattern is as on 30 Sep 2026.
The filing sets out the nine allottees by name, but does not give the holding of each after allotment.
Approvals still pending
The issue is subject to approval by members in a general meeting, which the board has called for 04 Dec 2026. The draft notice will be submitted to the exchange later, according to the filing.
The board also appointed Chetan T. Mandlia, a practising company secretary, as scrutinizer for the e-voting process.
What the preferential issue means for Highness Microelectronics' shareholders
The issue would bring in up to ₹10.84 crore in cash and dilute the promoter group's percentage holding, as the filing's figures show. The filing does not say what the proceeds will be used for, and it does not say whether members will approve the issue.
The next dated step is the Extraordinary General Meeting on 04 Dec 2026; the filing does not give an allotment date.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
