EGM approves capital increase and convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.9 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
At the 5 November 2026 EGM, all votes cast supported increasing authorised share capital and issuing convertible warrants on a preferential basis. The capital resolution passed with 32,525,636 votes for and none against, or 68.5435% of votes polled. The warrant resolution passed with 5,964,000 for and none against, or 12.5683%. Ten shareholders attended by video conference.
Both approvals enable additional capital. The warrant issue could reduce existing shareholders' ownership stakes, while the capital increase expands room for future issuance.