Forfeiture of 1,12,578 warrants over unpaid balance amount

Fund Raising View source PDF Explain this filing

BORORENEW · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹581.95

prior close

₹573.95

announcement price

In-mkt

timing

Nifty Microcap 250market+0.1%-1.5% vs market

Industrial Products peers, median of 316sector · industry level-0.3%-1.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.1-1.5-0.3-1.1

Next day

-1.7+0.2-1.9+0.1-1.8

-3.2+0.6-3.8+0.0-3.2

-5.3-0.0-5.3-0.3-5.1

-6.6+0.5-7.1-0.0-6.6

-5.8+0.8-6.6+0.2-6.0

-8.9+0.6-9.5-0.4-8.5

15d

-14.1+1.3-15.4+0.4-14.5

-20.6-1.4-19.3-2.0-18.6

-25.2-0.6-24.6-2.0-23.2

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 316Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Borosil Renewables has cancelled 1,12,578 warrants allotted in February 2025 on a preferential basis, as holders did not pay the balance amount for conversion within the deadline. The upfront subscription money of about Rs 1.49 crore has been forfeited. The Board has also restructured issue proceeds, cutting the Bharuch solar glass expansion allocation from Rs 332.66 crore to Rs 328.19 crore, while the Rs 185 crore for GMB GmbH SBLC liability stays unchanged.

Likely market impact

Slight dilution avoided as warrants are cancelled and about Rs 1.49 crore is retained. Minor cut in capex plan points to tighter cash management.