Board approves Rs 100 crore preferential issue of shares and warrants

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

+1.5%Reaction day

₹137.00

prior close

₹139.48

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.2% vs market

Non Banking Financial Company (NBFC) peers, median of 223sector+0.2%+1.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 1.3 pts more than its Non Banking Financial Company (NBFC) 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

+5.8

10m

+4.4

15m

+2.6

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+1.3+0.2+0.2+1.3

Next day

+2.0-0.2+2.2-0.3+2.4

+1.5+0.1+1.4-0.5+2.0

+0.4-1.5+1.9-1.1+1.5

-0.4-0.5+0.1-1.2+0.9

-0.4-0.8+0.4-0.5+0.2

+1.1-2.0+3.1-1.2+2.3

15d

+3.4-3.4+6.8-2.4+5.8

+2.6-9.9+12.5-6.1+8.7

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 223Pending

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

AI summary

Board approved a Rs 100 crore preferential issue: 50 lakh equity shares to public at Rs 135 each (Rs 67.5 crore) and 24 lakh convertible warrants to promoter group (Rs 32.5 crore). Warrants need 25 percent upfront, convertible within 18 months. Proceeds to fund lending activities. Re-appointed Ms Neelam Tater for 5 years and Managing Director Mr Manish Shah and Whole Time Directors for 3 years. EGM on October 19, 2026.

Likely market impact

Dilution of up to 7.4 million shares plus warrants. Promoter participation signals confidence. Funds for lending growth.