Announced Mon, 15 Jun · 18:30 IST
Board to consider forfeiting 15 lakh warrants from SG General Dealers LLP
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹109.00
prior close
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base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Lactose India Ltd's board will meet on June 18, 2026 to consider forfeiting 15,00,000 convertible share warrants allotted on a preferential basis to M/s. SG General Dealers LLP. The warrants are being forfeited because the allottee failed to pay the balance consideration required to convert them into equity shares within the stipulated time under SEBI's ICDR Regulations, 2018.
Likely market impact
Warrants will be cancelled without becoming equity, reducing potential dilution but signalling an investor's failure to complete the conversion.