Announced Mon, 29 Jun · 17:54 IST
Warrants converted into 1.3 crore equity shares; auditor changes approved
AFIL · 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
+1.0%1-day move
₹10.38
prior close
₹10.36
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.4+0.4—+1.0-0.3-3.6-3.7-4.6-5.6-6.3———
Up moveDown movePending
AI summary
Board approved conversion of warrants into 1.3 crore equity shares - 30 lakh shares to Pushpa Jugraj Jain at Rs 11.10 (Rs 2.5 crore) and 1 crore to Stellant Securities at Rs 7 (Rs 5.25 crore). Paid-up capital rises to Rs 43.67 crore. New statutory auditor Shyam S. Gupta and Associates appointed for 3 years, internal auditor changed to Ms Ankita Jain. Authorized capital raised to Rs 60 crore and borrowing limit to Rs 1,200 crore.
Likely market impact
Equity dilution of 1.3 crore shares; capital raise supports expansion and shows warrant holder confidence.