Announced Tue, 28 Jul · 16:48 IST
Board okays capital hike to Rs 450 cr, promoter loan to equity, overseas sub
DAVANGERE · price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹3.17
prior close
₹3.18
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.6+0.3+0.0+0.3+0.6+0.6-2.5-0.9-1.6-5.0-33.8——
Up moveDown movePending
AI summary
Board approved raising Authorised Share Capital from Rs 200 crore to Rs 450 crore. Approved conversion of about Rs 40.12 crore of promoter loans into 10.5 crore warrants at Rs 3.82 each via preferential allotment to promoters Ganesh Shamanur and Abhijith Ganesh. Also approved incorporation of an overseas step-down subsidiary. Appointed M.R. Krishna Murthy as Cost Auditor for FY 2026-27. All items are subject to shareholder and regulatory approvals.
Likely market impact
Promoter loan to equity conversion may dilute existing shareholders. Capital hike and overseas sub signal expansion plans.