Announced Thu, 2 Jul · 13:22 IST
Board approves preferential issue of convertible warrants worth Rs 11.75 crore
KHADIM · price
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Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹106.50
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AI summary
Board approved issuing up to 10,68,182 convertible equity warrants at Rs 110 each (face value Rs 10), aggregating up to Rs 11.75 crore, on preferential basis. Allottees include promoter Mr. Siddhartha Roy Burman (2,27,273 warrants) and 11 non-promoter entities. 25 percent upfront, balance 75 percent on conversion within 18 months. EGM on August 1, 2026 for shareholder approval. Also approved continuation of Dr. Surabhi Banerjee and appointed Mr. Sekhar Bhattacharjee as independent directors.
Likely market impact
Promoter participation signals confidence. Brings in fresh capital with limited dilution on full warrant conversion.