Announced Sun, 20 Sept · 14:53 IST
Board approves Rs 11.5Cr preferential issue, capital hike and MOA expansion
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
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AI summary
Board approved capital hike from Rs 35 Cr to Rs 40 Cr and preferential issue of 27.3 lakh shares at Rs 42 each to non-promoters Uday Narang and Kushal Muchhal, aggregating about Rs 11.47 Cr. Post-issue Narang will hold 11.32%. MOA amended to expand into autos, EV, metals and defense. Deepak Handa appointed Additional Director; Diksha Tiwari as Company Secretary; Modi Harsh as Internal Auditor for FY26-27. Director Harjeet Singh Arora resigned.
Likely market impact
Dilution from preferential issue; diversification into autos, EV and defense may support growth, subject to shareholder nods.