Promoter converts warrants into equity shares via loan adjustment

Warrants convertedFund Raising View source PDF Explain this filing

AFFORDABLE · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹177.10

prior close

₹183.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.3% vs market

On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.1

15m

-2.4

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.6+0.3+1.3

Next day

-3.7-1.3-2.4

-3.4-0.3-3.1

-2.9-0.6-2.3

-6.8-1.8-5.0

-7.4-1.8-5.6

-6.3-0.8-5.5

15d

-7.4-4.1-3.3

-13.9-9.4-4.5

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Allotted 10,93,750 convertible warrants to Promoter Milind Padole at Rs. 192 each, and 8,20,000 of those warrants were immediately converted into equity shares at the same price. The issue price was set off against an outstanding unsecured loan from the promoter. Paid-up capital rose to Rs. 12.67 crore from Rs. 11.85 crore, raising total equity shares to 1.26 crore. Approved by shareholders via postal ballot on Aug 19, 2026.

Likely market impact

No cash raised as shares issued against promoter loan. Promoter stake rises. Modest dilution for other shareholders.