Board approves second tranche payment for convertible warrants

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

-4.8%Reaction day

₹26.60

prior close

₹25.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.2% vs market

Trading & Distributors peers, median of 134sector+0.0%-4.8% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.8 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-4.8+0.4-5.2+0.0-4.8

Next day

-9.6+2.1-11.7+0.0-9.6

-14.1pendingpending+0.7-14.8

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 134Pending

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AI summary

The board approved receipt of Rs 29.11 lakh as the second tranche for preferential allotment of convertible warrants. The warrants are priced at Rs 21.50 each, including an Rs 11.50 premium and Rs 10 face value. Payments came from Rajveer Dinesh Singh, Garima Venture Finance Limited and Arpit Singh.

Likely market impact

The payment advances the warrant issue and creates potential future dilution for existing shareholders when the warrants convert.