Announced Thu, 16 Jul · 01:36 IST
Board okays Rs 50 Cr rights issue; software deal, director changes approved
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.1%1-day move
₹8.53
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1+15.5+21.2+27.2+27.1+26.6————
Up moveDown movePending
AI summary
Board cleared Rs 50 Cr rights issue for shareholders and Q1 FY27 results. Buying software rights to 'Ready Shopping' and 'Ready Pharmacy' apps from Onelife Capital Advisors for Rs 53.99 lakh and 0.5% revenue royalty. Related-party office lease from Dealmoney Commodities approved (Rs 1.5 Cr deposit, Rs 5,000 rent). ID Khusbu Agrawal resigned. Dr. Ranu Jain and Santosh Bhattacharjee are new Independent Directors. Anushree Tekriwal becomes Company Secretary.
Likely market impact
Rs 50 Cr rights issue may dilute non-subscribing shareholders. Related-party software deal and office lease worth watching. Multiple governance changes effective.