Sudarshan Pharma Industries share price gained over 2% to hit a 52-week high on Tuesday after the company announced a fundraising proposal. The small-cap stock extended its gaining streak to seventh consecutive session and rose as much as 2.23% to a fresh high of ₹38.00 apiece on the BSE.
However, Sudarshan Pharma shares witnessed selling pressure at higher levels and succumbed to profit booking to trade lower.
Sudarshan Pharma Industries informed that the meeting of its Board of Directors is scheduled to be held on 18 June 2026, Thursday, to consider and approve a proposal for raising of funds.
The funds are proposed to be raised by way of issue of one or more of instruments comprising equity shares, convertible securities of any other description or warrants or debt securities, through Private Placement, Preferential Issue, Qualified Institutions Placement or such other methods or combinations thereof, Sudarshan Pharma said in a regulatory filing on June 15.
The board will also approve ancillary actions for the above mentioned fund raising, subject to such statutory and regulatory approvals as may be necessary, it added.
Earlier on June 12, the Warrants Committee of the company’s Board of Directors considered and approved the allotment of 90 lakh equity shares of face value of Re 1 each at an issue price of ₹16.983 each, consequent upon the conversion of 9 lakh Warrants issued at an Issue Price of ₹169.83 each, to the persons belonging to “Promoter Category”, on preferential basis.
These warrants were issued upon the receipt of balance amount aggregating to ₹11,46,35,250 at the rate of ₹127.37 per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares.
Sudarshan Pharma Share Price Performance
Sudarshan Pharma share price has gained over 21% in one month and has jumped 56% in three months. The smallcap stock has rallied 47% in six months, and has advanced 24% in one year. Sudarshan Pharma shares have delivered multibagger returns of 400% in two years and 438% over the past three years.
At 11:25 AM, Sudarshan Pharma share price was trading 2.04% lower at ₹36.41 apiece on the BSE.
