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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Prospect Consumer Products Ltd approved increasing the authorised share capital from ₹6.5 crore to ₹7.5 crore by creating 10 lakh additional equity shares of ₹10 each. It also approved issuing up to 7 lakh convertible warrants at ₹100 each (aggregating ₹7 crore) to promoter group members via preferential allotment, with 25% payable upfront and the balance on conversion within 18 months. The 3rd Annual General Meeting is scheduled for September 26, 2025, with the register of members closed from September 20-26, 2025. Three promoters — Vimal Sureshbhai Mishra (2.5 lakh warrants), Priyanka Vimal Mishra (2 lakh warrants), and Prakash Mishra (2.5 lakh warrants) — will receive these warrants. The Board also approved the Directors' Report for FY25 and re-appointed Mrs. Riddhi Bharatkumar Vasita as Non-Executive Director.
This is a promoter-driven capital infusion worth up to ₹7 crore, which signals confidence from existing promoters but also leads to equity dilution if all warrants are converted (existing equity base of ~55.36 lakh shares could rise to ~68.36 lakh shares). Shareholders should watch the AGM on September 26 for approval and monitor any short-term dilution or price pressure from the warrant conversion mechanics.