Announced Wed, 7 Oct, 2026 · 16:59 IST
Board OKs ESOP allotment, promoter loan-to-equity conversion, new independent director
BATLIBOI · price
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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 allotted 29,999 ESOP shares (13,333 at Rs 45, 16,666 at Rs 55). Board also approved: 13,21,585 equity shares at Rs 113.50 to promoter Nirmal Bhogilal to convert a Rs 15 cr unsecured loan; variation of 6,92,480 promoter preference shares into 6,10,114 equity at Rs 113.50; and Shankaran Rajaram Vignesh as Independent Director for 5 years. All preferential issues priced above fair value of Rs 90.31.
Likely market impact
Promoter loan converts to equity, raising his stake and cutting company debt. Minor ESOP dilution. Preferential issues need shareholder nod.