Announced Thu, 2 Jul · 20:02 IST
Board allots 35 lakh convertible warrants at Rs 28 each on preferential basis
NGIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹41.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.0+0.0+2.1-1.3-3.6-2.6-7.2———
Up moveDown movePending
AI summary
Board of Nakoda Group of Industries allotted 35,00,000 convertible warrants on a preferential basis at Rs 28 per warrant. Allottees: NO CTRL ENTERPRISES LLP (30 lakh), Agrawal Commercials (2 lakh), Junita Hardik Shah (1.5 lakh), Sunil Tripathi HUF (1.5 lakh). Move follows shareholder approval at May 13, 2026 EGM and in-principle nod from BSE and NSE on June 30, 2026. Total potential raise of about Rs 9.8 crore upon conversion.
Likely market impact
Potential equity dilution when warrants are converted. Single allottee takes 86 percent of warrants, raising concentration concerns.