BSESAB Events & Governance Now Media LtdHighPositive
Announced Fri, 18 Sept, 2026 · 22:13 IST
Board approves preferential share and warrant issue under NCLT Resolution Plan
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved about 1.95 crore equity shares and 60 lakh convertible warrants at Rs 22.50 each under an NCLT-approved Resolution Plan under IBC. Includes 12 lakh shares to promoter (Rs 2.70 cr), 73 lakh shares to public investors (Rs 16.43 cr), warrants worth Rs 13.50 cr, and 1.10 crore shares to shareholders of merging entity Sri Adhikari Brothers Digital Network at a 436:100 swap ratio.
Likely market impact
Significant dilution ahead. Post-allotment promoter group holds 61.43 percent and public 36.65 percent. Watch share price reaction to expanded capital base.