Warrant conversions, higher borrowing limit and auditor changes approved

Warrants ConvertedFund Raising View source PDF Explain this filing

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

+3.6%Reaction day

₹10.38

prior close

₹10.36

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.5% vs market

On the reaction day the stock moved 2.5 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

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Sessions after the filingfrom the prior close

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Reaction day

+3.6+1.0+2.5

Next day

+1.0+1.2-0.2

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-24.3+5.5-29.8

UpDownMarket · Nifty Microcap 250Pending

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AI summary

Akme Fintrade board allotted 1.30 crore equity shares via warrant conversion: 30 lakh shares to Pushpa Jugraj Jain at Rs 11.10 each and 1 crore shares to Stellant Securities at Rs 7 each, together bringing in about Rs 7.75 crore. Paid-up capital rose to Rs 43.67 crore. The board also approved raising authorised capital from Rs 50 crore to Rs 60 crore, hiking borrowing limit to Rs 1,200 crore, appointing Ms Ankita Jain as new internal auditor, and Shyam S Gupta and Associates as statutory auditor for three years. Items remain subject to shareholder approval.

Likely market impact

Dilution of around 1.30 crore shares may pressure EPS. Big jump in borrowing limit signals expansion plans; audit changes are routine.