Sunday Proptech Limited, the asset management arm of OYO, is planning to raise Rs 200 crore along with bonus shares for its current shareholders. The company announced this plan in a Notice of EGM dated April 6, 2026. This EGM will be virtually conducted on April 6 at 5 PM IST. Shareholders can participate without physical presence.
Let’s know the details of this general meeting plan.
What Are The Four Resolutions At The April 6 2026 EGM?
1. Increase In Authorised Share Capital
The company plans to increase its authorised share capital from Rs 200 crore to Rs 300 crore. These changes are mostly done before fundraising, bonus issues, or expansion plans, signifying that capital-related activities are coming in the near future.
2. Bonus Issue
Sunday Proptech is planning for a bonus issue in the ratio of 3:1, which means 3 new bonus shares will be allotted for every 1 share held. The record date for a person holding shares is April 17, 2026.
This bonus will be issued from the current reserves, not fresh cash, which is usually done to reward shareholders and improve liquidity. Not change in overall holdings.
3. Private Placement
Sunday Proptech is planning to raise Rs 200 crore by issuing shares through private placement at Rs 23 per share. This included issuing shares to selected investors privately (not in the public market).
The current Sunday Proptech Unlisted Share is Rs 25.73 per share
How will the Rs 200 crore be used by Sunday Proptech?
These funds will be used by Sunday Proptech for business expansion, acquisitions, or strengthening the balance sheet. The company has clarified that this funding will not lead to a change in control of the entity.
4. Revision in Articles Of Association (AOA)
The company is updating its Articles of Association to align with its shareholder agreement signed on October 25. This contains governance rules, investor rights, and operational clauses.
Change In Shareholding Pattern After Pre-issue/Post-issue Of Private Placement?
Category | Pre-Issue Shares | Pre (%) | Post-Issue Shares | Post (%) | Change in % |
Promoters | 15,98,00,000 | 31.09% | 15,98,00,000 | 26.59% | (4.50)% |
Private Corporate Bodies | 24,31,17,161 | 47.30% | 33,00,73,682 | 54.93% | +7.63% |
Public | 11,10,59,426 | 21.61% | 11,10,59,426 | 18.48% | (3.13)% |
Total | 51,39,76,587 | 100% | 60,09,33,108 | 100% | — |
Points to note:
There will be a total increase of 8.7 crore shares due to private placement.
The promoter and public stake got reduced by 4.5% and 3.13%, respectively, while the private body’s share increased by 7.63%.
This change doesn’t include the impact of the proposed bonus issue.
This can be a Pre-IPO move of bringing external capital and an institutional structure
Will Private Placement Happen Before Bonus Issue or After Bonus Issue?
As the private placement and bonus share distribution could happen at the same time, there are two possible outcomes:
Case (A) Private Placement Before April 17, 2026
In this case, the investor buying a stake through private placement at Rs 23 per share will receive 3 additional shares. That means per share cost for the new investor will be Rs 5.75 per share.
Case (B) Private Placement After April 17, 2026
In case the private placement happens after 17th April, then the new investor will not get bonus shares. And the bonus shares will be distributed to the shareholders on the record date.
