Board approves Rights Issue of equity shares up to Rs 22 crores

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹33.80

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-4.8% vs market

Aluminium, Copper & Zinc Products peers, median of 5sector+2.3%-7.3% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Microcap 250 and 7.3 pts less than its Aluminium, Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.0-0.2-4.8+2.3-7.3

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-14.8+2.3-17.2+4.1-19.0

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UpDownMarket · Nifty Microcap 250Sector · Aluminium, Copper & Zinc Products peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of Om Metallogic approved a Rights Issue of equity shares of face value Rs 10 each to existing eligible shareholders, aggregating up to Rs 22 crores. The issue price, entitlement ratio, record date and payment terms will be decided later by the Rights Issue Committee and disclosed to the exchange. The company will comply with SEBI ICDR Regulations for the issue.

Likely market impact

Equity dilution possible; existing shareholders get priority to subscribe pro-rata. Pricing and ratio awaited.