Outcome of Board Meeting held today i.e. Monday, 9th March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Ashtasidhi Industries Limited (formerly Gujarat Investa Limited) met on 9th March 2026 and decided to withdraw and cancel a previously approved proposal to issue up to 20 lakh convertible warrants. Each warrant was to be convertible into one equity share of Rs. 10 face value, and the issue was originally meant for certain promoters, promoter group entities, and non-promoter investors. The original approval was given on 13th February 2026. The company stated that current market conditions and internal financial planning are the reasons for not proceeding with the preferential issue at this stage. The board meeting ran from 5:00 PM to 6:00 PM.
Existing shareholders are relieved from potential dilution of up to 20 lakh shares from this particular issue, but the withdrawal signals that the company could not find favourable terms or timing to raise capital, which may be read as a mild negative by the market.