Announced Thu, 2 Jul · 17:48 IST
Board approves equity share and convertible warrant allotment
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board on 2 July 2026 allotted 2,00,000 equity shares at Rs 10 each (seventh tranche, preferential) to Gaurav Jhunjhunwala for Rs 20 lakh. Also allotted 35,25,000 convertible warrants at Rs 10 each, totalling Rs 3.52 crore, to Koriander Consultants LLP and promoter group member Jayantilal Parmar; 25 percent received upfront. Paid-up equity capital rises to Rs 6.96 crore spread across 69,59,088 shares.
Likely market impact
Equity dilution for existing holders. Promoter group participation signals confidence but full conversion of warrants could further expand the share base.