Announced Fri, 24 Jul · 18:15 IST
Pankaj Polymers board approves equity and warrant issue, pivot to fintech
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹90.72
prior close
₹95.25
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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Up moveDown movePending
AI summary
Board approved preferential issue of 8,55,000 equity shares to non-promoters at Rs 81 each (Rs 6.92 crore) and 22,20,000 convertible warrants at Rs 81 each (Rs 17.98 crore) to promoter group and non-promoters. Company also proposes name change to Rupia Tech or Rupia Fin Limited, shifting business focus to fintech, digital payments, and BBPS. Registered office to shift from Telangana to Delhi. EGM on August 22, 2026.
Likely market impact
Major pivot from polymers to fintech with significant dilution. New investor entry may lift sentiment, but execution risk is high for existing shareholders.