Allotment of 11 lakh convertible warrants at INR 119 each to non-promoters

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

+5.0%Reaction day

₹190.00

prior close

₹199.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.6% vs market

Civil Construction peers, median of 99sector-0.6%+5.6% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.6 pts more than its Civil Construction 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+0.4+4.6-0.6+5.6

Next day

+0.5+0.5-0.0-0.6+1.1

+0.0+0.6-0.6-1.2+1.2

+5.0+0.7+4.3-1.3+6.3

+5.0+1.1+3.9-1.8+6.8

+4.7+0.5+4.2-2.5+7.2

+1.3+1.3+0.0-2.0+3.3

15d

-2.1+0.5-2.6-3.1+1.0

-4.7-0.8-3.9-5.3+0.6

+1.1-0.9+2.0-10.2+11.2

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

The company allotted 11,00,000 convertible warrants to 9 non-promoter allottees on a preferential basis at INR 119 per warrant (face value INR 10, premium INR 109). Total consideration up to INR 13.09 crore. Allottees paid 25 percent (INR 3.27 crore) at subscription; balance 75 percent is payable on conversion within 18 months. Each warrant is convertible into 1 equity share.

Likely market impact

Potential equity dilution if all warrants are exercised within 18 months. INR 3.27 crore received now; up to INR 9.82 crore more on full conversion. Capital raised from non-promoters.