Announced Tue, 16 Jun · 16:47 IST
EGM approves capital increase and preferential warrant issue
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹161.01
prior close
₹169.06
base price
After-mkt
timing
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+0.0+0.0+0.0+0.0+10.2+15.8+21.5+27.6+34.0+40.4+31.0+43.5——
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AI summary
EGM held on June 14, 2026. Two special resolutions passed with 100% votes in favor. Resolution 1: Increase in Authorized Share Capital and alteration of MoA. Resolution 2: Issue of Convertible Equity Warrants on preferential basis for cash. Total 3,896,083 votes polled (55.66% of 7M outstanding shares). Scrutinizer: PCS Rupal Patel. No votes against either resolution.
Likely market impact
Capital increase and preferential warrant issue cleared; potential equity dilution for existing shareholders upon warrant conversion.