Board allots Rs 75 crore preference shares to promoter

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HEMIPROP · price

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

-0.8%Reaction day

₹173.20

prior close

₹173.40

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%-1.5% vs market

Diversified Commercial Services peers, median of 69sector+0.0%-0.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.8 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-0.8+0.8-1.5+0.0-0.8

Next day

-2.7+1.3-4.0+0.5-3.2

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-1.8+1.7-3.6+1.8-3.7

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

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

AI summary

The Board approved the allotment of 7.5 crore cumulative redeemable preference shares to the promoter, the President of India through the Ministry of Housing and Urban Affairs. The shares have a face value of Rs 10 each, were issued at par through private placement, and total Rs 75 crore. They remain unlisted, with pricing and terms consistent with earlier disclosures.

Likely market impact

The promoter-backed issue supports capital, but preference dividends and redemption obligations can reduce cash available to common shareholders.