Announced Wed, 1 Jul · 15:52 IST

Correction to postal ballot notice on preferential warrant issue

Warrants ConvertedFund Raising View source PDF

HITECH · price

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

Price reaction · full curve 14 horizons · vs prior close

+3.9%1-day move

₹86.00

prior close

₹86.47

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+0.4+1.0+1.2+3.9+4.4+3.6-1.0-1.7+3.5-1.2———

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AI summary

Hi-Tech Pipes has issued a corrigendum to its postal ballot notice dated May 28, 2026, fixing a clerical error where post-issue offer capital percentages for two promoter group allottees were interchanged. The underlying preferential issue covers 90 lakh fully convertible equity warrants to promoter group: Mr Vipul Bansal (20 lakh warrants, 0.94%), Aks Buildcon Pvt Ltd (40 lakh, 1.89%), and Hi-tech Agrovision Pvt Ltd (30 lakh, 1.41%). Post full conversion, Aks Buildcon holding would rise to 5.90% and Hi-tech Agrovision to 5.26%. No other changes to the notice.

Likely market impact

Minor clerical correction, no material change. Confirms promoter group commitment via 90 lakh convertible warrants.