Announced Tue, 14 Jul · 12:51 IST
Warrants converted to equity shares, capital rises to Rs. 10.12 cr
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved allotment of 23,04,000 equity shares on conversion of warrants at Rs. 15.50 per share (face value Rs. 10, premium Rs. 5.50). Balance 75 percent amount of Rs. 2.68 cr received from 10 allottees across promoter and public category. Paid-up equity capital increased from Rs. 7.82 cr to Rs. 10.12 cr. Promoter Abhishek Nathani's stake adjusted to 49.23 percent post-issue. Listing of new shares to follow.
Likely market impact
Dilution from 23 lakh new shares; promoter stake eased but full conversion shows commitment. Shares to list on BSE soon.