Board approves preferential issue of 63 lakh warrants to promoters and others
MARCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved issuing up to 63 lakh convertible warrants at Rs. 31.95 each, totaling about Rs. 20.13 crore, to 16 allottees including promoters. 25 percent payable upfront, balance on exercise within 18 months. EGM on Nov 18, 2026. Promoter holding will dilute from 72.81 percent to 65.26 percent on full conversion.
Up to 34 percent equity dilution possible on full conversion of warrants. Could weigh on stock until warrants are exercised.