Announced Thu, 5 Nov, 2026 · 18:24 IST
Shareholders approve preferential issue of 1.37 crore convertible warrants
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Shareholders approved up to 13,700,000 convertible warrants at Rs. 13 each, raising Rs. 17.81 crore for cash. Each warrant converts into one Rs. 5 equity share with Rs. 8 premium within 18 months. The issue is split between promoter, promoter-group and non-promoter investors. After allotment, promoter and non-promoter holdings are 61.64% and 38.36%.
Likely market impact
If converted, the warrants would dilute existing shareholders and add Rs. 17.81 crore of funds. Promoter and promoter-group holdings would total 61.64%.