Announced Thu, 9 Jul · 22:21 IST
Postal ballot: MD appointment, 1.5cr warrants to promoter, 500cr borrowing cap
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
+6.7%1-day move
₹30.00
prior close
₹30.27
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.7+2.6+3.6+4.4+6.7+5.6+6.2+7.5+5.3+19.6————
Up moveDown movePending
AI summary
Postal ballot seeks shareholder approval for 9 items: Anand Manoj Shah as MD for 3 years (salary up to Rs 36 lakh/year); related party deals with group firms up to Rs 305 crores; new secretarial auditor after prior one resigned; independent director appointment; borrowing cap raised to Rs 500 crores; and 1.5 crore warrants at Rs 32.55 (Rs 48.83 crores) to promoter group entity N.K. Family Private Trust. E-voting July 10 to Aug 8, 2026.
Likely market impact
Preferential warrants to promoter group and higher borrowing cap could dilute existing shareholders; multiple related party deals worth Rs 305 crores need close review.