Board approves up to Rs 1,200 crore preferential issue of shares and warrants

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

-0.3%Reaction day

₹113.75

prior close

₹115.08

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.0% vs market

Power Generation peers, median of 26sector-0.5%+0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Power Generation 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.3-0.3-0.0-0.5+0.2

Next day

+3.7+0.9+2.8+0.3+3.5

+0.9+2.3-1.4+0.4+0.5

+1.2+2.4-1.2+0.8+0.4

-1.5+1.8-3.4+1.7-3.2

-2.4+1.3-3.7+0.9-3.3

-3.2+0.4-3.6+0.2-3.4

15d

-11.0-1.1-9.9-0.7-10.4

-8.4-3.3-5.0-4.5-3.9

-4.4-0.5-3.8-3.4-1.0

-8.5-8.2-0.3-11.0+2.5

UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 26Pending

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

AI summary

Board approved preferential issue of up to 6.61 crore equity shares at Rs 120.88 each (up to Rs 800 crore) to non-promoters Synergy Industrial and Power Metals and Credit Solutions India Trust, plus up to 3.31 crore convertible warrants at Rs 120.88 each (up to Rs 400 crore) to promoter group entity Hyderabad Jabilli Properties. Total size up to Rs 1,200 crore. Subject to shareholder approval. Price set at SEBI floor price of Rs 120.88.

Likely market impact

Equity dilution of about 20 percent on fully diluted basis. Promoter group stake rises from 0.80 to 4.77 percent. Stock may face short-term pressure.