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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved increasing the authorized share capital from Rs. 7.5 Crore to Rs. 17.5 Crore to accommodate a preferential issue. The company plans to issue up to 2 Crore convertible warrants at Rs. 25 per warrant (face value Rs. 5) on a preferential basis to promoter and non-promoter categories, potentially raising up to Rs. 50 Crore. Key allottee Nico India Consultancy LLP (promoter) will see its holding rise from 17.50% to 20.93%. Independent Director Mrs. Sonu Agarwal resigned citing personal reasons, and Mr. Navin Kumar Jain was appointed as Additional Independent Director. The 32nd AGM is scheduled for September 27, 2025 via video conference.
The preferential issue of convertible warrants could dilute existing shareholders if converted into equity, but provides the company with fresh capital of up to Rs. 50 Crore to fund business growth. Allottees must pay 25% upfront, with the balance due at conversion within 18 months.