Board approves NCD issuance up to Rs 100 crore, re-appoints CFO

Management Changes View source PDF Explain this filing

ONMOBILE · price

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

+1.8%Reaction day

₹56.08

prior close

₹56.38

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+2.4% vs market

Media peers, median of 20sector · industry level-0.0%+1.8% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.8 pts more than its Media peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

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15m

-0.8

30m

-0.2

Sessions after the filingfrom the prior close

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Reaction day

+1.8-0.6+2.4-0.0+1.8

Next day

+6.5-0.9+7.4-0.8+7.3

+8.8+0.1+8.6+0.0+8.8

+15.2+0.3+14.9-0.8+16.0

+38.5+1.2+37.4-0.1+38.7

+40.8+0.8+40.0-1.5+42.3

+30.6+0.3+30.3-1.4+32.0

15d

+12.3-0.2+12.6-3.4+15.7

+10.2+0.6+9.6-2.9+13.1

-2.4+4.7-7.1-4.8+2.5

-6.0+5.4-11.5-8.6+2.6

UpDownMarket · Nifty Microcap 250Sector · Media peers, median of 20Pending

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

AI summary

OnMobile Global's board approved issuing secured, unlisted, non-convertible debentures on private placement to two investors, raising up to Rs 100 crore (Rs 75 crore at 13.60 percent p.a. and Rs 25 crore at 13.88 percent p.a.) for 36 months. Board also re-appointed Radhika Venugopal as Whole-time Director and CFO for 3 years from March 27, 2027, subject to shareholder approval.

Likely market impact

Raises Rs 100 crore in secured debt; CFO continuity for 3 more years likely viewed positively by investors.