Board approves Rs 6.6 Cr preferential warrants to KMPs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 1.8 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Milkfood Ltd board approved issuing up to 22 lakh convertible warrants at Rs 30 each (Rs 5 face value plus Rs 25 premium) to raise Rs 6.60 crore on a preferential basis. Allottees are MD Sudhir Avasthi and President Deepankar Barat, each getting 11 lakh warrants (3.96 percent post-issue). EGM set for July 27, 2026. Warrants convertible into equity within 18 months.
Dilution of about 7.92 percent for existing shareholders. Insider KMPs subscribing signals confidence, though the fundraise size is small.