Announced Fri, 10 Jul · 17:06 IST
Board approves Rs 6.6 cr preferential warrants issue to non-promoters
Corporate Actions View source PDF
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
—1-day move
₹31.83
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————+15.7+21.5+27.6+34.0+32.2————
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AI summary
Board approved a preferential issue of up to 60 lakh convertible warrants at Rs 11 each (about Rs 6.60 crore total) to 10 non-promoter allottees, each getting 6 lakh warrants. Warrants convert into Rs 10 face value equity shares with an 18-month tenor. Authorised share capital to rise from Rs 5.50 crore to Rs 10 crore. All items are subject to shareholder approval at the 34th AGM. The Director's Report for FY ending March 2026 was also approved.
Likely market impact
Significant dilution of about 64 percent to existing shareholders if approved at AGM; near-term overhang on stock price.