Announced Sat, 25 Jul · 17:27 IST
11.42 lakh warrants lapse; Marble City forfeits Rs 2.87 cr upfront
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹119.95
prior close
₹118.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+5.0—-2.3——————————
Up moveDown movePending
AI summary
Out of 19,47,400 convertible warrants issued at Rs 100.50 each in Jan 2025 on a preferential basis to the non-promoter public category, 8,05,000 were exercised into equity shares. The remaining 11,42,400 warrants lapsed as holders failed to convert within the 18 month window. The 25 percent upfront consideration of Rs 2.87 crore paid on these warrants has been forfeited. No change in issued capital.
Likely market impact
Mild positive — company keeps the forfeited upfront money as income. No fresh dilution from the lapsed warrants beyond shares already issued.