Announced Mon, 13 Jul · 19:32 IST
Promoters convert warrants, stake rises to 39.35%
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
Promoter group entities Srinidhi Fine-Chemicals LLP and Narahari Belide converted 25 lakh warrants into equity shares on 9 July 2026 via preferential allotment. Combined promoter stake rose from 36.42% to 39.35%, about 1.12 crore shares. Srinidhi Fine-Chemicals LLP holds 35.13% and Narahari Belide holds 4.21% post conversion.
Likely market impact
Promoter stake increase signals confidence in the company. Holding remains below 50%, so no takeover trigger concerns for now.