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

Warrants ConvertedFund Raising View source PDF Explain this filing

BALPHARMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+2.6%Reaction day

₹77.50

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+1.2% vs market

Pharmaceuticals peers, median of 167sector+0.4%+2.2% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 2.2 pts more than its Pharmaceuticals 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

+2.6+1.4+1.2+0.4+2.2

Next day

+1.4+1.5-0.1+0.7+0.7

+16.9+0.5+16.4+0.4+16.5

+12.8+1.1+11.7+0.6+12.2

+12.2+0.7+11.6+0.4+11.8

+12.2-0.4+12.6-0.7+12.9

+14.7+0.5+14.2+0.2+14.6

15d

+14.8+0.1+14.7-2.0+16.8

+17.4+3.5+13.9-0.7+18.2

+36.1+5.8+30.3+1.8+34.3

+26.1+2.4+23.7-1.7+27.8

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 167Pending

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

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.