Announced Thu, 2 Jul, 2026 · 17:45 IST
Board approves equity share allotment and convertible warrants issuance
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved seventh tranche of 2,00,000 equity shares at Rs 10 each to Gaurav Jhunjhunwala (non-promoter) worth Rs 20 lakh, arising from conversion of previously issued warrants. Also allotted 35,25,000 convertible warrants at Rs 10 each to Koriander Consultants LLP (non-promoter) and Jayantilal Parmar (promoter group). Company received Rs 88.12 lakh as 25 percent upfront subscription. Paid-up capital rose to Rs 6.95 crore (69.59 lakh shares).
Likely market impact
Equity dilution of about 2.87 percent from new shares; promoter group shareholding rises to about 5 percent post warrant conversion.