Announced Sat, 11 Jul · 12:58 IST
Everest Organics allots shares on warrant conversion to Promoter MD
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.6%1-day move
₹312.50
prior close
₹313.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.4+3.4+3.4—+5.6+5.6+6.6-3.0+3.4-3.1————
Up moveDown movePending
AI summary
Everest Organics allotted 2,63,157 equity shares to MD and Promoter Dr. Sri Kakarlapudi Sirisha on conversion of warrants. Issue price Rs. 152 per share (face value Rs. 10), bringing about Rs. 4 crore. Warrants were originally issued on a preferential basis in January 2025. The promoter paid the balance 75 percent of the consideration now. Shares carry an 18 month lock-in from date of trading approval.
Likely market impact
Minor dilution from promoter warrant conversion. No fresh outside capital; 18 month lock-in limits near term supply.