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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Integrated Industries Limited has issued a correction to its earlier December 5 board meeting outcome regarding an upcoming preferential issue of equity shares through convertible warrants. The issue price per warrant has been revised upward from Rs. 25 to Rs. 28.25, and the premium component corrected from Rs. 24 to Rs. 27.25 per warrant. As a result, the total consideration for issuing up to 4.06 crore convertible warrants now stands at approximately Rs. 114.69 crore, up from the earlier Rs. 101.50 crore. The company clarified this was a purely clerical error with no changes to other terms, conditions, or approvals.
Investors will receive a revised pricing disclosure – the actual capital raise is about Rs. 13 crore higher than first reported. Existing shareholders should note the warrant issue price is higher, though the number of warrants being issued remains unchanged.