Board approves preferential issue of equity shares and convertible warrants

Fund Raising View source PDF Explain this filing

DHARIWAL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.3%Reaction day

₹28.40

prior close

₹29.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+4.6% vs market

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.3

15m

-1.2

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.3-1.3+4.6

Next day

+2.1-1.3+3.4

-2.1+0.0-2.1

-0.2-0.2+0.0

+0.7-3.0+3.7

-3.0-2.7-0.3

-5.3-1.7-3.6

15d

-26.4-8.9-17.5

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved preferential issue of up to 33 lakh equity shares at Rs 26.14 each (Rs 8.62 crore) to promoters Manish Dhariwal and Shakshi Dhariwal. Also approved 1.70 crore convertible warrants at Rs 26.14 each (Rs 44.44 crore) to promoters and public. Total raise up to Rs 53.07 crore. Promoter holding rises from 63.38% to 65.95%. EGM set for October 29, 2026.

Likely market impact

Equity dilution from preferential issue, though promoter-led. Price impact depends on market price versus Rs 26.14 issue price.