Phanes Ltd and promoter group get warrants via preferential allotment

Promoter bought stakePromoter holding below 50%Ownership Changes View source PDF Explain this filing

IBULLSLTD · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.4%Reaction day

₹28.99

prior close

₹28.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.4% vs market

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-1.0

15m

-0.2

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.4+1.0+2.4

Next day

+2.0+0.8+1.2

+2.0-0.5+2.6

+1.6-0.5+2.2

+6.8+0.8+6.0

+12.1+0.5+11.5

+26.3-2.0+28.3

15d

+14.7-6.4+21.0

+9.0-5.9+14.9

———

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Phanes Ltd and promoter group entities (including Sameer Gehlaut) received 36,55,00,000 convertible warrants in Indiabulls via preferential allotment on September 24, 2026. Of these, 22,52,50,000 warrants went to Phanes Ltd and 14,02,50,000 to PACs. Post-allotment, combined promoter group holding is 32.87 percent on paid-up capital and 39.45 percent on fully diluted basis assuming warrant conversion. Paid-up equity capital rose from Rs 464.88 crore to Rs 466.44 crore.

Likely market impact

Promoter confidence signal but warrants may dilute existing shareholders if and when converted into equity shares.