Board approves preferential issue of 344,000 shares at Rs315
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved up to 344,000 shares at Rs315 each, including a Rs305 premium on Rs10 face value, for Rs10.836 crore from named allottees. Shareholder and regulatory approvals are pending; a meeting is set for December 4, 2026. Promoter stake would fall from 64.96% to 60.90%. It also approved September 2026 half-year revenue of Rs12.45 crore and profit after tax of Rs2.47 crore.
The issue would raise Rs10.836 crore and cut promoter ownership from 64.96% to 60.90%. Approval is pending, so completion and dilution are uncertain.