In continuation to our above referred intimations and pursuant to Regulation 30 and other applicable provisions of the SEBI LODR Regulations, this is to inform you that pursuant to the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.3 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GEE Limited's Board, at its meeting on January 5, 2026, approved the allotment of 51,00,000 fully convertible warrants at INR 80 each (including a premium of INR 78) on a preferential basis. Total potential issue size is about INR 40.8 crore, with 25% (INR 20 per warrant, around INR 10.2 crore) paid upfront by the allottees. The warrants were issued to 14 investors, including two promoters (Umesh Agarwal with 15 lakh warrants and Om Prakash Agarwal with 7 lakh warrants) and 12 non-promoter allottees. Each warrant is convertible into one equity share of INR 2 face value within 18 months, with the balance INR 60 payable at the time of conversion. The allotment follows shareholder approval dated September 26, 2025 and BSE in-principle approval dated December 23, 2025, with standard SEBI ICDR lock-in applying.
Existing shareholders face potential dilution of around 24% on full warrant conversion. The company receives an immediate INR 10.2 crore in cash with the possibility of another INR 30.6 crore on conversion, while promoter participation signals insider confidence in the business.