Postal ballot notice for preferential equity share issue and change of control

Fund Raising View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹30.20

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.6% vs market

Consumer Electronics peers, median of 13sector-0.3%+5.3% vs sector

On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 5.3 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-1.6+6.6-0.3+5.3

Next day

+10.2-1.0+11.2+0.1+10.1

+12.4-2.6+15.0-1.9+14.3

+14.6-5.1+19.8-5.4+20.0

—-6.1—-6.4—

+16.9-8.3+25.2-8.9+25.8

+21.6-6.4+28.0-7.2+28.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Comrade Appliances seeks shareholder approval via postal ballot to issue 24 lakh equity shares at Rs. 34 each (total Rs. 8.16 crore) on a preferential basis to Omnia Appliances and Anadi Investments. Issue price is at a premium over floor of Rs. 30.50. Omnia Appliances will become joint promoter with 38.22% control post allotment and open offer, leading to change of control. Proceeds will fund working capital and loan repayment. E-voting ends November 13, 2026.

Likely market impact

Change of control incoming with Omnia Appliances becoming promoter. Open offer triggered and existing public shareholders face dilution.