Board approves 6 crore convertible warrants on preferential basis

Warrants convertedFund Raising View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.3% vs market

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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved preferential issue of 6 crore convertible warrants at INR 1 each (at par, no premium) to 4 non-promoter entities, aggregating to Rs 6 crore. Each warrant converts to 1 equity share within 18 months. Investors: Amrabathi Investra, Masatya Technologies, Vardan Ceqube India, Panafic Industrials. Also approved increase in authorized share capital from Rs 5 crore to Rs 12 crore. 42nd AGM set for 16 September 2026.

Likely market impact

Rs 6 crore fund raise via warrants to non-promoters; potential dilution upon conversion. Authorized share capital also expanded.