Announced Tue, 27 Oct, 2026 · 14:46 IST
Promoter group lifts holding to 64.60% via preferential allotment
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Avudari Engineering allotted 1,03,24,110 equity shares at Rs 10 each to Radha Krishna Avudari and two promoter-group associates on October 26, 2026. The preferential allotment equals 46.07% of enlarged capital, raising their combined voting stake from 14.00% to 64.60%. Paid-up capital rose from Rs 3 crore to Rs 22.41 crore.
Likely market impact
Promoter voting control rises to 64.60%. The preferential allotment substantially increases share capital and dilutes existing non-promoter shareholders.