Announced Tue, 23 Jun · 18:27 IST
Board approves 10.55 lakh convertible warrants to promoter
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹100.25
prior close
₹102.26
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.9+2.9+2.7+2.6+10.2+15.8+21.5+21.7+13.8+2.7-7.2-24.8——
Up moveDown movePending
AI summary
Board approved preferential issue of up to 10,55,000 fully convertible warrants to promoter Mukesh Goel at Rs 82 per warrant, aggregating up to Rs 8.65 crore. Each warrant converts into 1 equity share within 18 months. Promoter holding to rise from 50.20 percent to 60.13 percent on full conversion. Articles amendment approved; EGM on July 23, 2026.
Likely market impact
Promoter-led fundraise of about 8.65 crore. Promoter stake rises from 50.20 percent to 60.13 percent on conversion. Needs shareholder nod at July 23 EGM.