Announced Mon, 13 Jul · 19:30 IST
Promoter group converts warrants, stake rises to about 2.11%
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
+5.3%1-day move
₹67.45
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.3-1.4-0.7-1.5+3.4+1.1————
Up moveDown movePending
AI summary
Promoters Gattu Gnana Prakash, Arati Gattu, and Neha Gattu disclosed under SAST Reg 29(2) the conversion of 3,00,000 warrants into equity shares on 9 July 2026 via preferential allotment. Neha Gattu received 1,00,000 new shares. Promoter group holding rose from about 1.67% to 2.11% on a diluted basis. Company equity capital increased to Rs. 28.47 crore (2,84,70,000 shares of Rs. 10 each). No open market purchase was involved.
Likely market impact
Positive signal as promoters are increasing their stake, though overall holding stays very low near 2%. Minor dilution for existing non-promoter shareholders.