Announced Tue, 7 Jul · 14:26 IST
Revised board outcome: 53 lakh warrants converted to equity shares
Compliance View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board at its 04 July 2026 meeting approved conversion of 53 lakh warrants into 53 lakh equity shares of Rs 10 face value at par on preferential basis to 5 non-promoter public allottees. Also appointed M/s. Ramesh Chandra Bagdi and Associates as Secretarial Auditor for FY 2025-26. Revised filing corrects a clerical error where the secretarial audit year was wrongly mentioned as 2026-27.
Likely market impact
Conversion of warrants into equity shares will dilute existing shareholders but strengthens capital base. Filing is only a clerical correction.