Announced Thu, 17 Sept · 18:01 IST
AGM approves preferential share issue at Rs 50, to raise Rs 21.53 cr
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
+4.2%1-day move
₹46.45
prior close
₹46.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2-0.2+1.8+4.2—————————
Up moveDown movePending
AI summary
44th AGM held on Sept 16, 2026. Shareholders approved all 3 resolutions with over 99.99 percent votes in favor. Key item: special resolution for preferential issue of 43.05 lakh equity shares of Rs 2 face value at Rs 50 per share (Rs 48 premium) to 43 non-promoter allottees, raising Rs 21.53 crores. Also adopted FY26 financials and re-appointed Mr Vinay Kumar Goenka as director.
Likely market impact
Preferential issue will dilute existing holders by around 8 percent while raising Rs 21.53 crores from 43 non-promoters. Allotment within 15 days.