Preferential allotment of equity shares and convertible warrants approved

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

+2.3%Reaction day

₹56.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+0.9% vs market

Auto Components & Equipments peers, median of 117sector+0.6%+1.7% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.7 pts more than its Auto Components & Equipments 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

+2.3+1.4+0.9+0.6+1.7

Next day

+0.4+1.5-1.1+0.8-0.5

-0.4+0.5-0.9+0.0-0.4

-2.5+1.1-3.6+0.2-2.7

-3.0+0.7-3.7+0.6-3.7

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-3.6+0.5-4.1+0.7-4.3

15d

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-8.6+5.8-14.4-0.2-8.3

-5.3+2.4-7.6-0.9-4.3

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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

AI summary

Board approved preferential allotment of 17,54,384 equity shares at Rs. 57 each to 4 non-promoter investors, raising about Rs. 10 crore. Also allotted 3,94,735 convertible warrants at Rs. 57 each to 5 promoter group entities, with 25 percent upfront payment. Paid-up equity capital rises from Rs. 15.10 crore to Rs. 16.85 crore. Warrants valid 18 months.

Likely market impact

Equity dilution of about 10.4 percent from new shares; warrants add further dilution of 2.3 percent if exercised within 18 months. Capital to fund growth.