Pavna Industries: Promoter warrants lapse, ₹30.3 Cr forfeited

Board & Shareholder Meetings View source PDF

PAVNAIND · price

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▲ 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

₹16.23

prior close

₹16.78

base price

After-mkt

timing

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-2.7——-1.7——————————

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AI summary

Board meeting on July 27 approved three items. (1) 24 lakh convertible warrants issued to promoters Asha, Swapnil and Priya Jain lapsed as they couldn't pay remaining 75% by July 28 deadline. ₹30.30 crore upfront amount forfeited and retained by company. No change in paid-up share capital. (2) 38 employees designated as Senior Management Personnel under internal restructuring. (3) M/s Suri and Sudhir appointed as Internal Auditor for FY 2026-27.

Likely market impact

Promoters unable to fund their own warrants signals weak confidence. However ₹30.3 Cr stays with the company and equity is not diluted.