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

HITECH · price

Loading chart…

▲ 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———

Up moveDown movePending

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.