Announced Mon, 29 Jun · 12:02 IST
Postal ballot to reallocate Rs 770L rights issue proceeds to debt repayment
Corporate Actions View source PDF
NARMADA · 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
-6.3%1-day move
₹42.70
prior close
₹42.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.2+0.2-0.6-6.3-15.1-17.7-14.9-15.7-19.0-10.1———
Up moveDown movePending
AI summary
Narmada Agrobase seeks shareholder approval via postal ballot (voting June 30 to July 29, 2026) to reallocate Rs 770 Lakhs of unspent Rights Issue proceeds from building an oil mill plant to repaying an SBI loan. The 2024 Rights Issue raised Rs 36.58 crore. Working capital and general corporate purpose funds are fully used, but the Rs 770 Lakhs capex portion remains untouched. Total SBI outstanding stands at Rs 908.33 Lakhs.
Likely market impact
Neutral to mildly positive; expansion deferred but debt reduction may improve balance sheet and lower interest costs.