Board approves preferential allotments and promoter loan to equity conversion

Board & Shareholder Meetings View source PDF Explain this filing

PRITIKA · price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+3.3% vs market

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AI summary

On Oct 17, 2026, the board approved preferential allotments at Rs 64 per share (face value Rs 5). 50 lakh shares went to promoter Pritika Auto Industries against conversion of Rs 32 crore unsecured loan. Additionally, 12 lakh shares worth Rs 7.68 crore were allotted to 11 public category investors, and 4 lakh convertible warrants worth Rs 2.56 crore were issued to Healthy Biosciences Limited, convertible into equity within 18 months.

Likely market impact

Dilution of about 66 lakh shares. Promoter converting Rs 32 crore loan to equity signals confidence. Fresh capital raised about Rs 10.24 crore.