Announced Wed, 14 Oct, 2026 · 18:03 IST

Allotment of 20 crore equity shares on warrant conversion

Warrants ConvertedFund Raising View source PDF Explain this filing

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

+2.0%Reaction day

₹26.49

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+3.6% vs market

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250, 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

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.0-1.6+3.6

Next day

+4.0-1.0+5.0

+6.1-2.6+8.7

+8.2-5.1+13.3

+10.3-6.1+16.5

+12.5-8.3+20.8

+17.0-6.4+23.4

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Board approved allotment of 20 crore equity shares of Re.1 each on conversion of 20 crore fully convertible warrants issued at Rs.4 per warrant on a preferential basis to 6 allottees from promoter and non-promoter categories. Paid-up equity capital rises from Rs.65 lakh to about Rs.20.65 crore.

Likely market impact

Equity base expands over 30 times via warrant conversion; expect significant share dilution. Allotment price of Rs.4 per warrant may act as a near-term price reference.