Board cancels earlier warrant plan, proposes fresh smaller issue

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

-2.9%Reaction day

₹70.00

prior close

₹67.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-3.6% vs market

Iron & Steel Products peers, median of 107sector+0.6%-3.4% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+9.0

10m

+9.0

15m

+9.0

30m

+9.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9+0.7-3.6+0.6-3.4

Next day

+2.1-1.0+3.1-0.3+2.4

+0.0-0.3+0.3-0.2+0.2

+0.0-1.9+1.9-1.6+1.6

+0.0-4.5+4.5-3.7+3.7

+3.9-5.5+9.3-4.7+8.6

+0.7-7.3+8.0-8.1+8.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 107Pending

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

AI summary

Ecofinity Atomix has cancelled its earlier approved preferential allotment of 23.9 lakh convertible warrants at Rs 69.50 each (totalling about Rs 16.61 crore), as no warrants were allotted. Instead, it now proposes a fresh preferential issue of 15.87 lakh equity warrants aggregating up to Rs 1.58 crore to 18 investors across promoter and non-promoter categories. Each warrant is convertible into one equity share within 18 months. Issue price will be set per SEBI ICDR rules. Needs EGM approval.

Likely market impact

Smaller fresh issue reduces dilution potential; final price and shareholder approval awaited.