Preferential issue of shares and warrants to raise up to Rs 23.20 crore
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 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 approval covers up to 59.40 lakh shares at Rs 14.50 each for Rs 8.613 crore and 100.60 lakh convertible warrants at Rs 14.587 crore. Maximum proceeds are Rs 23.20 crore, and each carries a Rs 4.50 premium over face value. The three proposed promoters would receive 52 lakh shares and 63 lakh warrants, triggering an open offer and proposed control change. A shareholder meeting is set for November 17, 2026; approvals are pending.
Existing holders may face dilution and a control shift. The fund raise could fund diversification, while the open offer may affect near-term trading.