Revised Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
Dhruva Capital Services' board, at its meeting on July 30, 2025, approved the allotment of 31,28,636 equity shares at Rs. 55 each (face value Rs. 10, premium Rs. 45) aggregating to about Rs. 17.21 crore. Of these, 11 lakh shares worth Rs. 6.05 crore went to the promoter (Shreeram Bagla), and the remaining 20.28 lakh shares worth about Rs. 11.16 crore were allotted to 34 public-category allottees. Additionally, 8 lakh warrants, each convertible into one equity share at Rs. 55, were allotted to the promoter, bringing the total potential inflow (if warrants are exercised) to about Rs. 21.61 crore. The issue price was based on a valuation report dated February 10, 2025, and the allotments were made under a special resolution passed by shareholders on March 10, 2025. The revised filing is being submitted to correct a typographical error in the earlier outcome submitted on the same day.
The company is raising fresh capital of around Rs. 17.21 crore immediately, with an additional Rs. 4.40 crore potentially coming if the promoter exercises his warrants, which will strengthen the balance sheet but also dilute existing shareholders' holdings. For the stock, this is largely a pre-announced, price-determined preferential issue, so the immediate price reaction is likely muted, though the actual use of the funds will determine longer-term sentiment.