Board approves warrants issue at Rs 2.10, FCCB conversion and CFO change

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Price reactionminutes from the announcement price · days from the prior close

+4.6%Reaction day

₹1.96

prior close

₹2.02

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%+4.0% vs market

Other Food Products peers, median of 25sector-0.0%+4.6% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.6 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.5

15m

+1.5

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.6+0.6+4.0-0.0+4.6

Next day

+9.7+0.4+9.3+1.6+8.1

+14.8+0.7+14.1+0.1+14.7

+20.4+1.0+19.4+0.0+20.4

+26.0-0.0+26.0-1.3+27.3

+32.1-0.6+32.7-0.7+32.8

+31.6+0.7+30.9+1.0+30.7

15d

+7.7-1.2+8.9-5.6+13.3

-14.8-0.9-13.9-4.0-10.8

-38.8-9.0-29.8-9.8-29.0

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UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board raised authorised capital from Rs 100 Crore to Rs 2,000 Crore and approved issue of 25.6 crore convertible warrants at Rs 2.10 each to non-promoters, raising about Rs 53.76 Crore. Also approved conversion of 19 FCCBs into 18.19 crore equity shares to Emerging Market Opportunities Ltd. Paid-up capital rose to Rs 94.38 Crore. CFO Manoj Kumar Sharma resigned for personal reasons; Pradeep Agarwal named new CFO from September 1, 2026.

Likely market impact

Significant equity dilution of about 21 percent post warrant conversion. Largest allottee Satyam S Joshi HUF would hold 11.67 percent.