Announced Sun, 20 Sept · 14:48 IST
Board approves preferential issue and key appointments
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
—1-day move
₹59.75
prior close
₹62.73
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Board approved preferential issue of up to 27,30,000 equity shares at Rs. 42 each (around Rs. 11.47 crore) to non-promoter investors. Authorized capital raised from Rs. 35 crore to Rs. 40 crore. Deepak Handa appointed as Additional Director, Diksha Tiwari as Company Secretary, and Modi Harsh & Co. as Internal Auditor. Director Harjeet Singh Arora resigned. MOA altered to expand into automotive, metals and nuclear/defence sectors.
Likely market impact
Preferential issue may dilute existing shareholders. Expansion into automotive and defence sectors signals new growth plans.