Announced Mon, 20 Jul · 23:09 IST
Postal ballot for promoter warrants and related party transactions
AFFORDABLE · 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
-1.8%1-day move
₹191.44
prior close
₹188.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.9+0.0—-1.1-1.8-2.8-3.4-3.2-3.1—————
Up moveDown movePending
AI summary
Company seeks shareholder approval via postal ballot (e-voting Jul 21 to Aug 19, 2026) for three items: (1) issuing up to 10.94 lakh fully convertible warrants to promoter MD Milind Padole at Rs 192 each (up to Rs 21 crore) by converting his outstanding unsecured loan into equity; (2) material related party transactions with subsidiary ARAPL Raas up to Rs 100 crore for FY27; (3) borrowings from promoter group up to Rs 50 crore for FY27. Results by Aug 21, 2026.
Likely market impact
Loan to equity conversion clears promoter debt but is dilutive; warrants have 18 month lock-in. Related party deals signal continued inter group dependence.