Promoters convert warrants, stake rises to 39.35%

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close

+6.2%1-day move

₹66.49

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+6.2+6.8+0.0+0.8-0.1+5.3————

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AI summary

Promoter group entities Srinidhi Fine-Chemicals LLP and Narahari Belide converted 25 lakh warrants into equity shares of Novelix Pharmaceuticals on 09 July 2026, raising combined promoter holding from 36.42% to 39.35%. Srinidhi Fine-Chemicals LLP now holds 1,00,02,000 shares (35.13%) and Narahari Belide holds 12,00,000 shares (4.21%). Share capital expanded to Rs 28.47 crore from Rs 23.895 crore.

Likely market impact

Promoter stake rises via warrant conversion, no fresh cash needed. Holding at 39.35%, any future buy crossing 40% trigger would require an open offer.