Board to approve Rs 49 crore rights issue terms on 29 October

Corporate Actions View source PDF Explain this filing

ASMS · price

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

+2.4%Reaction day

₹5.38

prior close

₹5.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.0% vs market

IT Enabled Services peers, median of 80sector+0.0%+2.4% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.4 pts more than its IT Enabled Services 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

-1.3

10m

-4.4

15m

-4.5

30m

-5.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4+0.4+2.0+0.0+2.4

Next day

+2.4+2.1+0.3+1.4+1.0

-2.0pendingpending+1.8-3.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 80Pending

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

AI summary

Subject to stock exchange approval, the board will meet on 29 October 2026 to approve the rights issue offer letter and final terms, including price, entitlement ratio, record date, and opening and closing dates. The company plans to raise Rs 49 crore. The trading window for company insiders remains closed until 48 hours after September quarter results are declared.

Likely market impact

The final price and entitlement ratio will guide shareholder participation and potential dilution. No rights ratio or discount has been approved yet.