Announced Fri, 21 Aug · 16:11 IST
Promoter warrants lapse and forfeit; about 3.23 lakh warrants at Rs 185.50
AVROIND · 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
+10.0%1-day move
₹8.41
prior close
₹8.69
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-1.2-3.3-3.0+10.0+8.2+11.5+11.4+7.7+7.7-10.2———
Up moveDown movePending
AI summary
Avro India informed exchanges that 3,23,450 convertible warrants allotted to a promoter group entity in February 2025 at Rs 185.50 each (total Rs 6 crore) have lapsed after the holder failed to pay the balance 75 percent by the 10 August 2026 deadline. The 25 percent upfront amount of about Rs 1.5 crore stands forfeiture and will be retained by the company. No change in paid-up share capital. The board will formalize this in the next meeting.
Likely market impact
Promoter entity lost the warrants; company keeps about Rs 1.5 crore forfeited. No equity dilution, slight positive cash retention.