BCM board okays Rs 450Cr preferential issue, Rs 200Cr NCD, hikes PLA capex

Marquee Qip InvestorFund Raising View source PDF

BALRAMCHIN · price

Loading chart…

▲ 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

-2.3%1-day move

₹533.00

prior close

₹540.15

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.4-1.8-2.7-3.0-2.3-4.9-4.3-1.9-1.6-1.6+1.1-0.3+0.7+14.3

Up moveDown movePending

AI summary

Board approved: (1) Preferential issue of 93.17L shares at Rs 483 (Rs 450 Cr total) to 11 investors including promoters and marquee funds like TATA Small Cap, ICICI Prudential, 360 One. (2) Listed secured NCD issuance up to Rs 200 Cr via private placement. (3) PLA project capex hiked by Rs 230 Cr to Rs 3,080 Cr citing cost escalations. (4) New gypsum processing plant at Kumbhi, UP for Rs 160 Cr (76L boards/yr, by Dec 2027), funded from preferential proceeds. EGM on May 20, 2026.

Likely market impact

Equity dilution from preferential issue; marquee investor participation is a positive signal. PLA cost overrun may concern investors; gypsum plant diversifies revenue.