Corrigendum to EGM Notice: Preferential Issue of 12.4L Warrants to 24 Allottees

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+0.4%1-day move

₹276.90

prior close

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base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+0.4+0.9+0.5-1.8-2.4+5.1-12.2-10.8-2.7-12.5

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AI summary

Golkunda Diamonds issued a corrigendum to its EGM notice, providing tabular details of a proposed preferential issue of 12,40,000 convertible warrants to 24 non-promoter allottees. Top allottees: Vimal Kishore Parwal HUF (2.85L warrants, 3.47%), Fortune Bright Trading LLP and Shanti Gold International (2L each, 2.44%). Post-issue, total shares will rise to 82,04,080 from 69,64,080, diluting promoter holding from 72.81% to 61.81%. No change of control.

Likely market impact

Promoter stake dilutes from 72.81% to 61.81%; equity expands ~17.8% on warrant conversion. No change of control.