Board approves Rs 63.9 crore Rights Issue at Rs 10 per share

Rights Steep DiscountCorporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.1%Reaction day

₹35.13

prior close

₹33.67

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-5.2% vs market

Non Banking Financial Company (NBFC) peers, median of 221sector-0.2%-3.9% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 3.9 pts less 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-4.1+1.1-5.2-0.2-3.9

Next day

-4.3+1.6-5.9+0.0-4.3

-57.3+2.4-59.7+0.2-57.5

-55.3+3.3-58.5+0.4-55.7

-55.7+2.5-58.3-0.3-55.4

-55.9+2.4-58.3+0.0-55.9

-57.0+1.5-58.5-1.2-55.8

15d

-60.7+2.6-63.3-1.5-59.2

-50.5+2.2-52.7-0.1-50.4

-55.4+6.8-62.2-1.3-54.1

-76.1+5.9-82.1-1.9-74.3

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 221Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved a rights issue of 6.39 crore equity shares at Rs. 10 per share (face value), totaling Rs. 63.9 crore. Entitlement ratio is 9 shares for every 2 held. Record date is June 20, 2026; issue opens June 29 and closes July 6, 2026. Share count will expand from 1.42 crore to 7.81 crore shares on full subscription, a ~5.5x increase.

Likely market impact

Massive dilution. Shareholders must invest ~4.5x their holding's value to maintain stake. Issue at face value likely implies steep discount to market price.