Board okays preferential warrants issue worth about Rs 17.68 cr

Warrants ConvertedFund Raising View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.7%Reaction day

₹136.00

prior close

₹135.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-5.0% vs market

Iron & Steel Products peers, median of 103sector+0.6%-4.3% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 4.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

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15m

+0.0

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.7+1.3-5.0+0.6-4.3

Next day

-7.4+1.8-9.1+1.2-8.5

-1.9+3.1-5.0+1.4-3.3

-4.4+3.5-7.9+1.3-5.7

-6.1+3.5-9.6+0.5-6.6

-3.3+3.4-6.7+0.5-3.8

+2.9+3.6-0.7-0.3+3.2

15d

+5.1+4.9+0.3-1.1+6.3

+23.5+4.4+19.1+1.9+21.6

+64.9+2.9+62.0+2.8+62.2

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 103Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved issuing up to 13,98,000 warrants at Rs 126.50 each to promoters and non-promoters on preferential basis, aggregating about Rs 17.68 crore. Promoter group to get 12 lakh warrants, non-promoters about 1.98 lakh. Each warrant converts into 1 equity share over 18 months. Q1 FY27 results deferred due to unavoidable reasons. AGM set for Aug 29, 2026.

Likely market impact

Possible equity dilution once warrants convert; deferred Q1 results may raise governance concerns among shareholders.