Conversion of 3 Crore Warrants into Equity Shares

Warrants ConvertedFund Raising View source PDF

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▲ 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

+0.0%1-day move

₹1.60

prior close

₹1.59

base price

After-mkt

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+1.3+6.9+6.9+5.7+0.0+3.1+0.6+0.6-3.8+3.1-1.3-9.4——

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AI summary

Board approved conversion of 3,00,00,000 convertible warrants into an equal number of equity shares at Rs 2.50 per share (Rs 1 face value plus Rs 1.50 premium), aggregating to about Rs 5.63 crore. Shares allotted to 3 non-promoter allottees (Satyam Joshi, Bijay Agrawal, Anura Joshi), 1 crore shares each. No warrants remain pending. Preferential allotment under SEBI ICDR Regulations.

Likely market impact

Share count rises by 3 crore, diluting existing shareholders. Promoter holding percentage will reduce. No fresh cash beyond 75 percent already received.