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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved increasing the authorized share capital from Rs. 7.5 crore to Rs. 17.5 crore by adding 2 crore equity shares of Rs. 5 face value, along with corresponding changes to the MOA and AOA. It also approved issuing up to 2 crore convertible warrants at Rs. 25 each (face value Rs. 5) on a preferential basis to promoter and non-promoter groups, potentially raising up to Rs. 50 crore. The 32nd Annual General Meeting was scheduled for September 27, 2025 via video conference, with book closure from September 21-27, 2025. The board accepted the resignation of Independent Director Mrs. Sonu Agarwal and appointed Mr. Navin Kumar Jain as an Additional Director. A new Policy on Loan Against Property was also adopted.
Shareholders may see dilution as up to 2 crore convertible warrants could be converted into equity shares, with promoter entity Nico India Consultancy LLP increasing its holding to about 20.93% post-issue. The fund raise of up to Rs. 50 crore signals potential business expansion, though the preferential nature of the issue and the 18-month conversion window mean existing shareholders should track eventual dilution and use of proceeds.