Announced Sat, 4 Jul · 13:43 IST
Board approves conversion of 53 lakh warrants into equity shares
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
+4.0%1-day move
₹39.49
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0—————————
Up moveDown movePending
AI summary
Board approved conversion of 53,00,000 warrants into 53,00,000 equity shares at par (face value Rs 10) on preferential basis to 5 non-promoter public allottees including Mrs. Chhaya Gaurang Shah, M/s. Mamta Securities Pvt Ltd, M/s. Spring Trade Mercantile Pvt Ltd, Mr. Prakash Bhoorchand Shah, and M/s. Plutus Capital Management LLP. Board also appointed M/s. Ramesh Chandra Bagdi and Associates as Secretarial Auditor for FY 2026-27.
Likely market impact
Equity base expands by 53 lakh shares via warrant conversion at par, leading to share dilution for existing holders. Auditor appointment is routine.