Chintan Makhecha allotted warrants equal to 5.66% stake
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Chintan Vijay Makhecha, a non-promoter, was allotted 800,000 convertible warrants through a preferential issue. They represent a 5.66% voting stake after full conversion, crossing the 5% disclosure threshold. The company has 7,545,056 equity shares now and 14,145,056 shares assuming conversion of all outstanding convertibles.
Makhecha could gain a 5.66% vote. Fully diluted capital is 14.15 million versus 7.55 million issued, implying dilution if all convertibles convert.