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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.
The Board has approved issuing up to 4.06 crore convertible warrants via preferential allotment at INR 25 per warrant, raising up to INR 101.5 crore. Each warrant can be converted into one equity share within 18 months of allotment. Allottees include promoter M.G Metalloy Private Limited (2 crore warrants) and non-promoters Choice Strategic Advisors LLP (1 crore), Accufolio Risers LLP (1 crore), and Divyashri Ravichandran (6 lakh). The company also proposes changing its name from Integrated Industries Limited to Nurture Well Industries Limited, subject to shareholder and MCA approval. An EGM is scheduled for January 3, 2026 to seek shareholder consent for these matters.
Existing shareholders face potential dilution if all warrants are converted into 4.06 crore new equity shares. The INR 101.5 crore capital infusion could strengthen the company's finances, but the preferential nature means benefits will primarily accrue to the chosen allottees. The name change may signal a strategic repositioning.