Forfeiture of 16.31 lakh unpaid Right Issue shares; INR 50 cr preferential raise approved

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

+6.1%Reaction day

₹10.60

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+5.4% vs market

Hotels & Resorts peers, median of 56sector+0.1%+6.1% vs sector

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250 and 6.1 pts more than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+6.1+0.7+5.4+0.1+6.1

Next day

+3.8-1.0+4.7+0.5+3.3

+2.4-0.3+2.6+1.1+1.3

-0.9-1.9+1.0-0.3-0.6

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-2.4-7.3+4.9-2.9+0.6

15d

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UpDownMarket · Nifty Microcap 250Sector · Hotels & Resorts peers, median of 56Pending

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

AI summary

Board approved forfeiture of 16,31,580 partly paid-up Right Issue shares where First, Second and Final Call money remained unpaid, out of 1,28,76,808 partly paid-up shares issued. Board also approved raising up to INR 50 crore through preferential issue, private placement or warrants to eligible investors, promoters or promoter group. Operations update shared on hotels in Chhatrapati Sambhajinagar starting Oct 2026 and Mysuru in Q4 FY27.

Likely market impact

Forfeiture of unpaid shares may tighten share base slightly; INR 50 cr preferential raise could lead to equity dilution pending approvals.