Clarification on preferential warrants issue for 64th AGM

Warrants ConvertedFund Raising View source PDF Explain this filing

MANCREDIT · price

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

-0.8%Reaction day

₹224.01

prior close

₹224.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.7% vs market

Non Banking Financial Company (NBFC) peers, median of 219sector-0.3%-0.5% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.5 pts less 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

-0.3

10m

-1.1

15m

-1.3

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.1-0.7-0.3-0.5

Next day

-0.9+0.3-1.2-0.5-0.4

+0.7+1.6-0.8-0.2+0.9

-0.5+0.1-0.6-1.3+0.8

-1.7+0.3-2.1-1.0-0.8

-2.4-1.2-1.1-1.9-0.5

+0.4-0.5+0.9-2.0+2.4

15d

+0.9-2.2+3.1-2.9+3.8

-6.2-6.6+0.4-5.3-0.9

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 219Pending

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

AI summary

Mangal Credit and Fincorp clarified the 7th Resolution of its 64th AGM, proposing issuance of up to 25 lakh Convertible Equity Warrants on a preferential basis to Promoters and Non-Promoters. Five allottees named: Mr. Meghraj Sohanlal Jain, Mr. Hardik Meghraj Jain, Ms. Indra Meghraj Jain, Ms. Seema Ajit Jain, and Ms. Ritu Jain. Ms. Ritu Jain will be reclassified as Promoter post-allotment. Lock-in: pre-preferential shares for 90 trading days; warrants for 1 year from allotment.

Likely market impact

Promoter-led preferential warrant issue shows promoter confidence; potential equity dilution on conversion; Ms. Ritu Jain becomes Promoter post-allotment.