Announced Sun, 20 Sept · 14:43 IST
Board approves preferential issue, capital hike, new directors, AGM notice
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
+0.0+0.0+0.0+0.0——————————
Up moveDown movePending
AI summary
Board approved an increase in authorised share capital from Rs 35 cr to Rs 40 cr and a preferential issue of up to 27.3 lakh equity shares at Rs 42 each (about Rs 11.47 cr) to two non-promoter investors. Also appointed a new Director, Company Secretary and Internal Auditor, expanded the MOA to include automotive, metals and defence businesses, approved the FY26 annual report, and set October 12 as e-voting cut-off for the 34th AGM. One director resigned.
Likely market impact
Preferential issue to non-promoters will dilute existing shareholders by about 11.5 percent. MOA expansion signals diversification into auto and defence.