Announced Sat, 27 Jun · 16:47 IST
Best Agrolife - Warrant holders skip conversion; 23.4 lakh warrants forfeited
Fund Raising View source PDF
BESTAGRO · 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
-0.7%1-day move
₹15.54
prior close
₹15.57
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.7+0.1+0.3-0.7+1.7+1.2+2.5+1.6-2.7+0.3———
Up moveDown movePending
AI summary
Best Agrolife had allotted 23,43,750 convertible warrants at about Rs 640 per warrant in September 2024. Warrant holders failed to exercise conversion within the 18-month deadline of June 26, 2026. The Board has approved forfeiture of the 25 percent initial subscription amount of around Rs 3.7 crore already paid. All unconverted warrants now stand cancelled.
Likely market impact
No new equity dilution from these warrants. Company retains about Rs 3.7 crore in forfeited subscription money. Mildly positive as potential dilution is removed.