Announced Thu, 5 Nov, 2026 · 19:21 IST
Preferential issue of 3.44 lakh shares approved at Rs315 each
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved a preferential issue of up to 344,000 equity shares for cash at Rs315 each, including a Rs305 premium over the Rs10 face value, raising Rs10.836 crore. Shareholder and other approvals are pending. After full issuance, promoter holding is expected to fall from 64.96% to 60.90%, while public holding rises to 39.10%. A shareholder meeting is planned for December 4, 2026.
Likely market impact
Raises Rs10.84 crore if completed, but dilutes promoter holding to 60.90% and existing shareholders; shareholder approval is pending.