Announced Thu, 22 Oct, 2026 · 12:29 IST
Board allots 6.6 million convertible warrants at Rs 44
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The board allotted 6.6 million convertible warrants to nine investors, including seven promoter-group investors, at Rs 44 each. It reports Rs 7.26 crore received, but Rs 44 times 6.6 million equals Rs 29.04 crore. Each warrant can convert into one share within 18 months or lapse if unused.
Likely market impact
The funding can support growth, but conversion may increase the share count and reduce existing ownership. The stated payment needs clarification.