Promoter NCRPS being converted to equity-linked CCPS

Corporate Actions View source PDF Explain this filing

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▲ 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

+1.3%Reaction day

₹78.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.4% vs market

Ceramics peers, median of 10sector+0.3%+1.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.0 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.8+0.4+0.3+1.0

Next day

-10.3+2.5-12.7+0.5-10.7

+3.8+2.3+1.5+1.0+2.9

+7.0+2.8+4.3+1.1+6.0

-4.5+4.1-8.6+2.1-6.6

-5.0+2.5-7.5+1.7-6.7

-6.4+1.2-7.6-1.3-5.1

15d

-19.2-0.8-18.4-3.4-15.8

-20.5-1.7-18.8-2.8-17.7

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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

Board approved converting 2,50,000 promoter-held Non-Cumulative Non-Convertible Redeemable Preference Shares into 15% Compulsorily Convertible Preference Shares. These CCPS will mandatorily convert into equity at Rs.100 per share within 18 months. Post-conversion equity rises from 1.38 crore to 1.40 crore shares. Promoter holding goes up from 53.4% to 54.2%, public drops to 45.8%. EGM scheduled October 15, 2026.

Likely market impact

Small dilution for public shareholders as promoter stake rises from 53.4% to 54.2% after conversion to equity shares.