Announced Mon, 27 Jul · 20:28 IST
Pavna Industries: Promoter warrants lapse, Rs 30.30 Cr forfeited
Board & Shareholder Meetings View source PDF
PAVNAIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved lapse of 24 lakh convertible warrants (Rs 505 each) issued to promoter group in Jan 2025. Warrant holders failed to pay the balance 75 percent, about Rs 90.90 crore, by the July 28, 2026 deadline, so Rs 30.30 crore upfront (25 percent) is forfeited. No change in paid-up share capital. Also identified 38 senior management personnel and appointed Suri and Sudhir as internal auditor for FY27.
Likely market impact
Negative signal - promoter group could not fund balance. Company retains Rs 30.30 Cr forfeited but no fresh capital raised.