as per the pdf attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved multiple items at its meeting on July 25, 2025. A total of 79,66,667 warrants held by non-promoter allottees were converted into equity shares at Rs. 15 per share (face value Rs. 10 + Rs. 5 premium), bringing in Rs. 9.75 crore as the balance 75% payment. Post-allotment, the company's paid-up capital rose to Rs. 18.59 crore, comprising 1,85,91,943 equity shares, with another ~70.56 lakh warrants still pending conversion. The board also proposed a rights issue to existing shareholders in a 1:1 ratio and increased the authorised share capital from Rs. 50 crore to Rs. 60 crore. Other approvals include the Directors' Report for FY25, appointment of a secretarial auditor for five years, and scheduling of the 42nd AGM for August 26, 2025.
Shareholders should expect significant dilution: roughly 79.67 lakh new shares have already been issued via warrant conversion, and a 1:1 rights issue on top could double the share count again. The capital raise of Rs. 9.75 crore is modest, but the upcoming rights issue and pending warrant conversions may pressure the stock in the near term.