Board approves securities raising of up to Rs 500 crore
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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 1.5 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On October 23, 2025, the board approved raising up to Rs 500 crore through equity shares and/or other eligible securities. The issue method, pricing, timing and terms are still to be decided, subject to regulatory approvals.
Shareholders could face dilution if equity shares are issued. The stock impact depends on the final issue method, pricing and structure, which are undecided.