15 lakh warrants converted; no change in planned fund use
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.3 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.
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Promoter and Managing Director Deepa Kishor Tracy converted 15,00,000 warrants into 15,00,000 equity shares at Rs. 20 each on September 24, 2026. The balance payment of Rs. 1.50 crore was received and used for general corporate purposes. This follows an upfront 50% payment of Rs. 4.50 crore for the total 45,00,000 warrants, approved for Rs. 9 crore. No deviation from the stated use of funds was reported.
No deviation was reported. The share count rises by 15 lakh shares, diluting existing holders, while the company receives Rs. 1.50 crore.