Promoters convert final 19 lakh warrants into equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-2.2%Reaction day

₹36.50

prior close

₹36.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-2.0% vs market

Dairy Products peers, median of 12sector-0.1%-2.1% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.2-2.0-0.1-2.1

Next day

+17.5-0.1+17.5-0.4+17.8

+32.8-3.4+36.2+0.0+32.8

+31.0-3.5+34.5-0.2+31.2

+25.2-2.7+27.9-2.3+27.5

+39.9-1.1+41.0-0.3+40.2

+28.8-0.8+29.6+0.8+28.0

15d

+40.5-2.9+43.3-4.5+45.0

+36.4-3.5+39.9-3.9+40.3

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UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 12Pending

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

AI summary

Modern Dairies allotted 19,00,000 equity shares to promoters and promoter group on conversion of warrants at Rs. 50 each (Rs. 10 face value plus Rs. 40 premium). The company received Rs. 7.13 crore as the balance 75% exercise price. All warrant holders have now fully exercised their warrants, ending the 86 lakh warrant issue. Promoter group holding rises from 17.43% to 22.35%. Paid-up capital rises to Rs. 31.92 crore from Rs. 30.02 crore.

Likely market impact

Promoter holding rises to 22.35% from 17.43%. Warrant conversion is now complete, removing further dilution overhang.