11.86 crore warrants lapse; Rs 10.38 crore forfeited

Warrants ConvertedFund Raising View source PDF Explain this filing

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

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.1% vs market

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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and in line with its Trading & Distributors 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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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 129Pending

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AI summary

Of 28 crore preferential warrants issued in October 2024 at Rs 3.50 each, 16.14 crore were exercised and 11.86 crore lapsed because holders did not pay the remaining 75 percent by April 30, 2026. The company will retain the forfeited upfront payment of Rs 10.38 crore. The lapsed warrants carry no conversion rights and will not change share capital.

Likely market impact

No dilution from the lapsed warrants, and Rs 10.38 crore stays with the company. It also shows some holders did not complete funding.