Postal Ballot: Issue of 10 Lakh Warrants to Promoter at Rs 81

Warrants ConvertedFund Raising View source PDF

BALPHARMA · price

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▲ 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

+1.4%1-day move

₹77.50

prior close

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base price

After-mkt

timing

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————+1.4+16.9+12.8+12.2+12.2+14.7————

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AI summary

Bal Pharma seeks member approval via postal ballot (e-voting July 10 to Aug 8, 2026) to issue 10 Lakh convertible warrants to promoter Shailesh Siroya at Rs 81 (Rs 71 premium). Total raise: Rs 8.1 Crore. 25% upfront, balance on conversion within 18 months. Issue price above SEBI minimum of Rs 80.14. Funds will part-finance greenfield API project in Yadagiri, Karnataka. Promoter stake to rise from 17.24% to 22.13%. No control change.

Likely market impact

Small Rs 8.1 Cr promoter warrant issue at Rs 81. Mild dilution risk on conversion, no control change. Positive promoter commitment signal.