Announced Thu, 20 Aug · 17:09 IST
AGM notice: capital hike, promoter warrants, USD 100M overseas investment
DAVANGERE · 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
-4.0%1-day move
₹3.00
prior close
₹3.02
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.7-0.7-4.0-3.3-13.3-29.3-30.0-30.7-30.0-28.0——
Up moveDown movePending
AI summary
55th AGM on Sept 12, 2026 in Davangere. Items: re-appoint auditor D G M S & Co for 5 years; raise authorised capital from Rs 200 Cr to Rs 450 Cr; issue 10.64 Cr warrants to promoters at Rs 3.77 each by converting Rs 40.12 Cr loan; allow overseas investments up to USD 100 Million; approve related party bridge financing of USD 100 Million for AUREVANT GLOBAL; permit dilution or asset disposal at AUREVANT. E-voting cut-off: Sept 5, 2026.
Likely market impact
Capital hike and promoter warrants may dilute equity. AUREVANT-related overseas moves signal expansion but add governance and execution risks.