Board approves capital raise up to Rs 492 crore plus merger of subsidiary

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

+6.5%Reaction day

₹27.04

prior close

₹28.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+6.8% vs market

Computers - Software & Consulting peers, median of 67sector-0.6%+7.2% vs sector

On the reaction day the stock moved 6.8 pts more than Nifty Microcap 250 and 7.2 pts more than its Computers - Software & Consulting 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

-1.4

10m

-0.4

15m

-1.5

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.5-0.3+6.8-0.6+7.2

Next day

+13.1+0.8+12.3-1.2+14.2

+17.4+0.9+16.5-1.0+18.4

+17.4+1.8+15.6-0.5+17.9

+17.2+1.5+15.8-0.2+17.5

+15.1+1.7+13.5+0.0+15.1

+8.7-1.1+9.7-1.4+10.0

15d

+6.0+1.0+4.9+3.7+2.2

+9.5+0.4+9.1+3.3+6.2

-1.3+6.4-7.6+0.1-1.4

-6.3+5.5-11.7-5.7-0.5

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 67Pending

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

AI summary

Board approved preferential issue of 3.74 crore equity shares to non-promoters at Rs 30 each, raising about Rs 112.29 crore, plus 12.67 crore convertible warrants to promoters and non-promoters worth Rs 380.10 crore. NRI investment ceiling raised from 10% to 24%. Also approved loans or guarantees up to Rs 150 crore each to three subsidiaries under Section 185. Approved scheme to merge wholly-owned subsidiary IVIS International into the company, with appointed date April 1, 2026. EGM set for July 24, 2026.

Likely market impact

Significant equity dilution possible from preferential issue and warrant conversion, but subsidiary merger causes no dilution. Capital raise may fund growth.