Intimation for In-principle approval for issue of 3,33,00,000 Convertible warrants.
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On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dhanashree Electronics Ltd has received BSE's in-principle approval (dated November 12, 2025) to issue 3,33,00,000 (3.33 crore) convertible warrants on a preferential basis to promoters and non-promoters. Each warrant is convertible into one equity share of Rs. 10 face value at a price of not less than Rs. 30 per share, implying a potential capital raise of up to roughly Rs. 100 crore if fully converted at the floor price. The company must still comply with SEBI ICDR Regulations and obtain further statutory approvals before allotting the warrants. This is an enabling approval from the exchange, not the actual allotment itself.
This is a potential equity dilution event — if all warrants are converted into equity shares, existing shareholders will see their holding shrink. Investors should watch for the next announcement detailing issue price versus current market price, identity of allottees, and the stated purpose / use of funds, as these will directly affect sentiment and fundamentals.