EGM approves issue of warrants to non-promoters on preferential basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 1.7 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Marble City India held EGM on 14 Oct 2026. Shareholders approved a special resolution to issue warrants convertible into equity shares to non-promoters on a preferential basis. 1.39 crore votes were polled (53.71% of total). 99.99% voted in favor with only 7 against. Promoters voted 100% in favor. Resolution passed.
Preferential warrant issue may dilute existing shareholders; board now has shareholder backing to proceed with the allotment.