Announced Tue, 30 Jun · 18:42 IST
Board approves Rs 18.81 Cr warrants issue to promoter group
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+5.2%1-day move
₹680.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.2+11.6+17.0+11.1+10.1+9.1+6.8———
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AI summary
Board approved issuing 3,23,123 convertible equity warrants at Rs 582 each, totalling about Rs 18.81 crore, via preferential allotment to 7 allottees (6 from promoter group, 1 non-promoter). Each warrant converts to one Rs 10 equity share within 18 months, with 25 percent upfront payment. EGM scheduled for July 28, 2026 to seek shareholder approval. Post-issue, promoter family shareholding rises across multiple members.
Likely market impact
Promoter-led fundraising signals insider confidence but adds about 4 percent equity dilution on full conversion within 18 months.