Announced Thu, 16 Jul · 10:38 IST
Promoter group converts 4 lakh warrants into equity shares
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
-4.4%1-day move
₹12.44
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.4+3.0+10.8+8.5+10.5+2.6————
Up moveDown movePending
AI summary
Board approved conversion of 4,00,000 warrants into equal equity shares of Rs. 2 face value at Rs. 19 premium. Allottee Vachi Commercial LLP, a promoter group entity, paid the balance 75 percent of the Rs. 35.25 issue price on July 13, 2026. Paid-up equity capital rose from Rs. 6.19 crore to Rs. 6.27 crore, with total shares at 3.13 crore. Vachi holding moved from 10.18 to 11.18 percent.
Likely market impact
Minor dilution as promoter group converts existing warrants into equity, raising their stake. No fresh capital from market, just conversion of already-committed funds.