Announced Fri, 11 Sept, 2026 · 15:35 IST
Board approves Rs 15 Cr unsecured loan with equity conversion option
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹2.77
prior close
₹2.90
base price
After-mkt
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+0.0+0.0+0.0+0.0+0.7+1.1+6.1+11.2+16.6+20.2+5.1———
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AI summary
Alliance Integrated Metaliks board approved raising unsecured loans up to Rs 15 crore from lenders, with an option to convert the loan into equity shares. The funds will mainly be used for one-time settlement (OTS) of outstanding dues with existing banks and financial institutions. Shareholders will vote on this at the 37th AGM on September 25, 2026. A corrigendum to the AGM notice was also issued to add this item.
Likely market impact
Company is raising new debt to settle old bank dues; potential equity dilution if lenders choose to convert the loan into shares.