Share swap: preferential issue of shares and convertible warrants

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

-5.0%Reaction day

₹137.20

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.4% vs market

Other Textile Products peers, median of 189sector+0.0%-5.0% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.0 pts less than its Other Textile 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

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-9.7+2.1-11.8+0.8-10.5

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

Board approved a share-swap preferential issue to promoters and non-promoters of Popees Baby Care Products: up to 2,58,89,023 equity shares at Rs 142.44 each (Rs 368.76 crore) and 98,31,758 convertible warrants at the same price (Rs 140.04 crore). No cash is raised. Shareholders will vote on December 12, 2026, with November 11 set as the record date. Warrants must convert within 18 months, subject to approvals.

Likely market impact

Pending approvals, the issue may dilute existing holders, while promoter Shaju Thomas's stake would rise from 47.42% to 56.83% after conversion.