Correction to postal ballot notice on preferential warrant issue

Warrants ConvertedFund Raising View source PDF Explain this filing

HITECH · price

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

+0.0%Reaction day

₹86.00

prior close

₹86.47

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-0.9% vs market

Iron & Steel Products peers, median of 99sector+0.7%-0.7% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.7 pts less than its Iron & Steel 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

+1.0

10m

+0.4

15m

+1.0

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0+0.9-0.9+0.7-0.7

Next day

+3.9+0.5+3.4+0.9+3.0

+4.4+0.7+3.7+1.0+3.4

+3.6+0.0+3.6+0.3+3.3

-1.0-2.0+1.0-1.3+0.4

-1.7-0.1-1.6-0.3-1.4

+3.5+1.4+2.1-0.4+3.9

15d

-1.2-1.4+0.3-2.8+1.7

-0.7+1.3-2.0-2.9+2.2

-10.6+3.8-14.3-0.3-10.3

-18.2+2.9-21.1-1.3-16.9

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 99Pending

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

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.