Outcome of Board Meeting held today i.e. 10/06/2026 superseded the decision taken in board meeting held on yesterday i.e. 09/06/2026 about allotment of equity shares on conversion of warrant.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Naapbooks Ltd's board met on June 10, 2026, and replaced a decision taken just a day earlier regarding warrant allotment. Back in December 2024, the company had issued 26,13,100 warrants at Rs. 61 each, requiring a 25% upfront payment and the balance 75% within 18 months (by June 9, 2026). At the deadline, only one public-category allottee paid the remaining 75% and converted 2,185 warrants into equity shares. The remaining 14,84,515 warrants (held mostly by promoters and promoter group members) lapsed, and the Rs. 2.26 crore in upfront money collected on those warrants has been forfeited under SEBI ICDR rules. Paid-up equity capital rose only marginally, from Rs. 11.84 crore (1,18,40,600 shares) to Rs. 11.84 crore (1,18,42,785 shares).
Negative sentiment signal — even promoters and their family members did not exercise their warrants, meaning they forfeited Rs. 1.94 crore of their own upfront money, which suggests weak cash position or lack of confidence. The forfeiture of Rs. 2.26 crore is a small one-time gain for the company, but equity dilution is negligible (only 2,185 new shares issued).