Board approves 18 lakh convertible warrants to non-promoter for Rs 5.4 Cr

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

-5.7%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-5.1% vs market

Computers - Software & Consulting peers, median of 66sector-0.6%-5.2% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.2 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

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

AI summary

Alphalogic Techsys board approved issuing up to 18,00,000 convertible warrants to Vivaro Enterprises Limited (non-promoter) at Rs 30 each, aggregating Rs 5.40 crore. Each warrant converts to one equity share of Rs 5 face value within 18 months from allotment. Vivaro will hold about 2.79% of post-conversion equity capital. The move is subject to shareholder approval via postal ballot by 22 August 2026.

Likely market impact

Potential equity dilution of 2.79% on conversion; brings in Rs 5.40 crore fresh capital; pending shareholder approval via postal ballot.