Hi-Tech Pipes corrects clerical error in postal ballot notice for 90 lakh warrants

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

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₹86.00

prior close

₹86.47

announcement price

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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

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Reaction day

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Next day

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

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AI summary

Hi-Tech Pipes has issued a corrigendum to its May 28, 2026 postal ballot notice regarding the proposed preferential issue of 90 lakh fully convertible equity warrants to promoter group allottees. The corrigendum fixes a clerical error where post-issue offer capital percentages of Aks Buildcon Pvt Ltd (40 lakh warrants, 1.89 percent) and Hi-tech Agrovision Pvt Ltd (30 lakh warrants, 1.41 percent) were interchanged. Mr. Vipul Bansal gets 20 lakh warrants (0.94 percent). No other change to the issue terms.

Likely market impact

Procedural correction with no change to warrant issue terms; shareholders should review revised post-issue holdings of promoter group entities.