Announced Thu, 2 Jul · 13:28 IST
Khadim India board approves warrants issue worth about Rs 11.75 crore
Fund Raising View source PDF
KHADIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹106.50
prior close
₹109.00
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AI summary
Board approved issuing up to 10,68,182 convertible warrants at Rs 110 each on preferential basis, totalling about Rs 11.75 crore. Allottees include promoter Mr. Siddhartha Roy Burman and 11 non-promoter entities. 25 percent upfront, balance on conversion within 18 months. EGM on August 01, 2026. Also continued Prof. Surabhi Banerjee as independent director past age 75 and appointed Mr. Sekhar Bhattacharjee as new independent director for 5 years.
Likely market impact
Up to 10.68 lakh extra shares possible on warrant exercise, may dilute holdings. Promoter buying shows confidence. Subject to shareholder nod at EGM.