Announced Wed, 7 Oct, 2026 · 17:05 IST
Board okays preferential shares to promoter, new independent director
BATLIBOI · 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-day move
₹94.55
prior close
₹97.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-2.7-1.8-1.5——————————
Up moveDown movePending
AI summary
Batliboi's board approved a preferential issue of 13,21,585 equity shares at Rs. 113.50 each to Promoter and Chairman Nirmal Bhogilal, converting his Rs. 15 crore unsecured loan into equity. Separately, 6,92,480 preference shares will be converted into 6,10,114 equity shares at the same price. Fair value was set at Rs. 90.31 per share. Mr. Shankaran Rajaram Vignesh was appointed as Non-Executive Independent Director for 5 years. ESOP allotment of 29,999 shares was completed.
Likely market impact
Promoter converting loan to equity reduces debt but will dilute existing shareholders. All preferential items need shareholder approval.