Announced Thu, 30 Jul · 19:30 IST
Praveg EGM on Aug 21 for preferential share and warrant issue to promoters
PRAVEG · 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
+4.3%1-day move
₹284.25
prior close
₹289.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-0.6-0.8-0.5+4.3+1.0-0.5+0.4-4.3-3.7-5.4-6.8——
Up moveDown movePending
AI summary
Praveg EGM on August 21, 2026 at 11:30 am via video conferencing. Three special resolutions: 1) Amend loan agreement with promoter group firm Jhaveri Credits to allow loan-to-equity conversion. 2) Issue 8.33 lakh equity shares at Rs 275 to Jhaveri Credits, totaling about Rs 22.93 crore, by converting outstanding unsecured loan. 3) Issue 11 lakh warrants at Rs 275 to four promoter group individuals, totaling about Rs 30.25 crore. Cut-off date for voting is August 14, 2026.
Likely market impact
Promoter group gains equity via loan conversion and warrants, diluting existing shareholders. Voting rights of non-promoters will reduce.