Fundviser Capital shareholders approve revised use of warrant issue proceeds

Warrants ConvertedFund Raising View source PDF Explain this filing

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-2.5%Reaction day

₹435.20

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.2% vs market

Investment Company peers, median of 62sector+0.0%-2.5% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.5 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 62Pending

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AI summary

Fundviser Capital disclosed at the 41st AGM that shareholders approved changing how unutilized proceeds from the 2025 preferential issue of 64,85,000 convertible warrants will be used. Of Rs.7,944.13 Lakhs raised, Rs.4,134.38 Lakhs remains unutilized. The reallocation sends Rs.2,300 Lakhs to new UAE subsidiary Silver Sage Trading LLC and Rs.1,474.38 Lakhs to the parent company for ongoing operations. 19,85,000 warrants already converted into equity; 45,00,000 still outstanding.

Likely market impact

Shareholders approved shifting unutilized warrant funds to a new UAE trading subsidiary and parent operations due to bank remittance issues at DARS Transtrade.