Board approves INR 15 crore preferential warrants to promoters

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-1.3%1-day move

₹381.00

prior close

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AI summary

Board approved preferential issue of up to 3,80,711 convertible warrants at INR 394 each, aggregating up to INR 15 crore, to four promoters and promoter group members. Allottees pay 25 percent upfront with balance on conversion within 18 months. EGM scheduled on August 17, 2026 for member approval. Also appointed Ms. Jai Vaidya as Company Secretary and Compliance Officer effective July 20, 2026.

Likely market impact

Promoter-led fundraising signals confidence, modest dilution if converted, EGM approval pending on Aug 17, 2026.