Sheetal Cool Products Limited (SCPL) held a Board Meeting on February 26, 2026, where it approved the allotment of 8,40,000 convertible warrants to non-promoter entities. The board also approved the appointment of M/s. Pitroda Nayan & Co. as the Secretarial Auditor for a five-year term and proposed shifting the company’s registered office from Amreli to Ahmedabad.

The warrant allotment follows the receipt of Rs. 6.67 Crore, representing 25% of the total subscription amount. These warrants are priced at Rs. 317.65 each and are convertible into equity shares on a 1:1 basis within 18 months. The primary allottees include Orbit Financial Capital (5,40,000 warrants) and individuals Amit Sheth, Ashish Sheth, and Mamta Sheth (100,000 warrants each). This move is aimed at strengthening the company’s capital base for future growth initiatives.

Sheetal Cool Products is a prominent FMCG player based in Gujarat, specializing in ice cream, milk, and milk products, as well as namkeen and bakery items. Throughout 2025, the company focused on expanding its distribution footprint across Western India and enhancing its production capacity. Recent updates indicate a strategic shift toward premiumization in their dairy segment to capture higher margins in the competitive retail landscape.

In the financial year 2025, the company maintained a steady growth trajectory in its core segments. While specific 2026 quarterly figures are pending formal earnings release, the company’s 2025 performance saw consistent revenue growth driven by its “Sheetal” brand popularity. As of late 2025, the company continues to be a favorite among regional investors in the Gujarat circuit, though it currently does not feature high-profile celebrity institutional “superstar” investors. The shift of the registered office to Ahmedabad is expected to provide better access to corporate talent and financial hubs.