Allotment of 11L shares and 10L convertible warrants on preferential basis
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Board approved allotment of 11 lakh equity shares (third tranche) at Rs 10 each on preferential basis to 5 non-promoter allottees, raising Rs 1.10 crore. Also allotted 10 lakh convertible warrants at Rs 10 each to Manisha Vikaskumar Saraf (non-promoter), with 25 percent upfront received (Rs 25 lakh). Paid-up equity capital rises to Rs 5.79 crore divided into 57.97 lakh shares. All shares rank equal with existing equity.
Equity dilution of roughly 19 percent including potential warrant conversion. About Rs 1.35 crore raised from non-promoters. Short-term share price pressure possible.