Announced Sat, 17 Oct, 2026 · 18:20 IST

EGM approves conversion of 2,50,000 preference shares into convertible type

Board & Shareholder Meetings View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.0%Reaction day

₹62.00

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+1.7% vs market

Ceramics peers, median of 10sector-0.9%+0.9% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.9 pts more than its Ceramics 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-1.7+1.7-0.9+0.9

Next day

+0.0-4.2+4.2-5.2+5.2

—-5.2—-6.2—

-7.7-7.4-0.3-9.1+1.3

+10.7-7.0+17.8-7.6+18.3

+28.2pendingpending-4.8+33.0

—————

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Ceramics peers, median of 10Pending

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

AI summary

Manoj Ceramic held an EGM on Oct 15, 2026. Two special resolutions were approved to convert existing 15% Non-Cumulative Redeemable Preference Shares into 15% Compulsorily Convertible Preference Shares of Rs. 100 each. First resolution covers 1,00,000 shares, second covers 1,50,000 shares. Both passed with 100% votes in favor (73,94,200 shares voted, no votes against). Promoters were not interested.

Likely market impact

Existing preference shares become convertible into equity, potentially diluting equity shareholders but eliminating the future redemption obligation.