Rights Issue Allotment - 6.39 Crore Shares at Rs 2.07 Each

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

-2.0%Reaction day

₹20.32

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-1.4% vs market

Non Banking Financial Company (NBFC) peers, median of 214sector-0.1%-1.9% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.9 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.

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Reaction day

-2.0-0.6-1.4-0.1-1.9

Next day

-3.9+0.5-4.4+0.1-3.9

-5.8+1.9-7.7+0.3-6.1

-7.7+2.3-10.0+0.6-8.3

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-14.8+4.0-18.7+0.0-14.8

15d

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-59.2+4.8-64.0-1.8-57.4

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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

AI summary

Board approved allotment of 6.39 crore equity shares at Rs 2.07 per share (face value Rs 10) on rights basis, raising up to Rs 63.90 crores. Paid up equity capital rose from Rs 14.20 crores to Rs 78.10 crores. Share count expanded from 1.42 crore to 7.81 crore, about a 5.5 times increase. Letter of Offer was dated June 16, 2026.

Likely market impact

Heavy dilution risk - share count expanded 5.5 times. Shareholders who did not subscribe will see their stake fall sharply.