Outcome of Board Meeting Held on 24-03-2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 17.1 pts more than Nifty Microcap 250 and 19.5 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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EPIC Energy's Board approved the allotment of 38 lakh convertible warrants at Rs.50 per warrant on a preferential basis, raising Rs.4.75 crores in total. The company has received 25% of the issue price (Rs.12.50 per warrant) as upfront subscription money, with the remaining Rs.37.50 payable at the time of conversion into equity shares of Rs.10 face value. Promoters Nikhil and Veena Morsawala together subscribed to 12 lakh warrants, while non-promoter allottees — including Soleos Solar Energy Pvt. Ltd. (20 lakh warrants) and 6 individuals — took the remaining 26 lakh warrants. The issue price of Rs.50 is stated to be at or above the SEBI-determined floor price, and 9 allottees participated in total.
Existing shareholders face potential dilution once the warrants are converted into equity shares, though the staggered payment structure limits immediate cash impact. The promoter participation signals some insider confidence, but the preferential pricing and warrant structure may also cap near-term upside for retail shareholders.