Announced Tue, 23 Jun · 18:30 IST
Corrigendum to EGM notice for 8,48,600 preferential shares
Board & Shareholder Meetings View source PDF
AMBICAAGAR · 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
+0.4%1-day move
₹24.45
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.4+0.2+4.1+0.7+3.1+2.8+2.2+2.2——
Up moveDown movePending
AI summary
Company issued a corrigendum to the June 5 EGM notice for changes in the Explanatory Statement regarding a preferential issue of 8,48,600 equity shares at Rs. 25 each (price based on 90-day VWAP of Rs. 24.86 or 10-day VWAP of Rs. 23.54 per SEBI ICDR Reg 164). Proceeds of Rs. 2.12 crore to be used for working capital within 3 months of allotment. Four allottees to receive 2,12,150 shares each (1.177 percent each, 4.708 percent total). EGM on June 30, 2026.
Likely market impact
Minor dilution of about 4.71% for existing shareholders. Issue price of Rs. 25 at slight premium to 90-day VWAP. EGM on June 30 needs to approve.