Board approves Rs 49 crore rights issue and September 2026 results

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

-2.7%Reaction day

₹7.10

prior close

₹6.92

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.8% vs market

Civil Construction peers, median of 95sector+0.1%-2.8% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.8 pts less than its Civil Construction peers, 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

Stock

+0.0

10m

+2.7

15m

+2.2

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7+0.1-2.8+0.1-2.8

Next day

-1.5+0.7-2.3+1.3-2.8

-2.8pendingpending-0.9-1.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 95Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved up to Rs. 49 crore of new shares for existing shareholders under a rights issue. Price and entitlement ratio are yet to be decided, with shareholder and regulatory approvals pending. It also approved unaudited September 2026 results. Consolidated half-year revenue was Rs. 221.72 crore, but profit after tax fell to Rs. 9.95 crore from Rs. 19.94 crore; earnings per share fell to Rs. 0.37 from Rs. 0.74.

Likely market impact

The raise may ease funding pressure, but shareholders who do not subscribe may be diluted. Pricing and entitlement terms are not yet known.