Announced Thu, 23 Jul · 18:25 IST
Bal Pharma corrigendum raises warrant issue price to Rs 84 for promoter
Board & Shareholder Meetings View source PDF
BALPHARMA · 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
+1.6%1-day move
₹87.56
prior close
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After-mkt
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AI summary
Bal Pharma filed a corrigendum to its 9 July 2026 postal ballot. Issue price of 10 lakh warrants to promoter Shailesh Siroya raised from Rs 81 to Rs 84 per warrant. Total consideration now Rs 8.40 crore (was Rs 8.10 crore), 25 percent upfront, balance on conversion in 18 months. Proceeds will fund a Greenfield API plant at Yadgiri, Karnataka (project cost about Rs 300 crore). Promoter holding rises from 17.24 to 20.89 percent post-issue. Voting ends 8 August 2026.
Likely market impact
Slightly higher dilution at revised price; funds support API expansion. No change in control or voting deadline.