Board approves Rights Issue to raise up to Rs 5,000 Lakhs

Corporate Actions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.1%Reaction day

₹6.70

prior close

₹6.93

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.8% vs market

Dairy Products peers, median of 12sector+0.3%+4.8% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.8 pts more than its Dairy Products 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

+0.1

10m

+0.9

15m

+0.7

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.1+1.3+3.8+0.3+4.8

Next day

+4.5-0.2+4.7+0.3+4.2

+4.5+0.1+4.4-0.5+5.0

+4.0-1.5+5.5-1.6+5.6

-0.3-0.5+0.2-1.9+1.6

-4.0-0.8-3.3-3.3-0.7

-12.7-2.0-10.6-1.8-10.9

15d

-14.5-3.4-11.1-2.6-11.9

-25.8-9.9-15.9-12.0-13.8

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UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 12Pending

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

AI summary

Board approved raising up to Rs 5,000 Lakhs (about Rs 50 crore) through a Rights Issue of partly paid-up equity shares of face value Rs 10 each. Offer will be made to existing eligible equity shareholders. Issue price, entitlement ratio, record date and other terms are yet to be decided. A Rights Issue Committee has been formed. Subject to SEBI and other regulatory approvals.

Likely market impact

Existing shareholders will get rights entitlement to buy more shares. Possible dilution if not all subscribe. Key terms like price and ratio are pending.