Board approves RPT modification, extends preference share redemption to Dec 2026

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BIRLAMONEY · price

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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.1 pts more than its Stockbroking & Allied 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 modifying Material Related Party Transactions with holding company Aditya Birla Capital Limited. Also extended redemption of 16 lakh 4% Non-Convertible Preference Shares held by Aditya Birla Capital by one year, from Dec 23, 2025 to Dec 23, 2026. Redemption price revised from Rs.639 to Rs.687.44 per share, taking total payout from Rs.102.24 crore to Rs.109.99 crore. Subject to preference shareholder consent.

Likely market impact

Delayed preference share payout by one year with a higher redemption price. Needs shareholder consent. Largely neutral for equity holders.