Board approves Rs 60 crore warrant issue, appoints two executive directors

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

LIKHITHA · price

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Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹255.37

prior close

₹260.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+2.9% vs market

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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+2.8

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Sessions after the filingfrom the prior close

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Reaction day

+2.2-0.7+2.9

Next day

+3.7-0.8+4.5

+1.8-1.4+3.2

+5.9-1.7+7.6

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15d

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AI summary

Board approved issuing up to 25 lakh convertible warrants at Rs 240 each, raising about Rs 60 crore from 21 allottees on a preferential basis, including promoter Likhitha Gaddipati (3.25 lakh warrants). Also appointed Lohitha Gaddipati, daughter of MD Srinivasa Rao Gaddipati and sister of CFO Likhitha Gaddipati, and Chandra Dheerajram, son-in-law of the MD and husband of the CFO, as Additional Executive Directors for 5 years from June 22, 2026.

Likely market impact

Promoter family members join the board and back the Rs 60 crore fundraise, signaling commitment; expect about 6 percent dilution on warrant conversion.