8.05 lakh shares allotted on warrant conversion; Q3 results approved
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 9.6 pts more than Nifty Midcap 150 and 9.0 pts more than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Board approved allotment of 8,05,500 equity shares on conversion of convertible warrants held by non-promoters at Rs 740 per share, receiving Rs 38.74 crore as balance subscription. Q3 FY26 standalone revenue grew about 129 percent year on year to Rs 3,875 crore, with profit after tax at Rs 888.55 crore. Board also approved a new wholly owned subsidiary in Maharashtra with Rs 252 crore outlay, a second slurry pipeline project, pellet plant capacity expansion at Konsari, and overseas acquisitions in Singapore and South Africa.
Mild equity dilution from warrant conversion. Strong Q3 results and multiple expansion approvals signal aggressive growth push across mining and steel value chain.