Board approves preferential issue of shares and warrants worth about Rs 47 crore
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 4.2 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Qualitek Labs board approved a preferential issue of up to 3,86,000 equity shares at Rs 518.55 each (about Rs 20 crore) to 26 allottees, including notable investor Ashish Kacholia. Separately, up to 5,20,000 fully convertible warrants at Rs 518.55 each (about Rs 27 crore) will be issued to promoter entity TIC Services. Total raise about Rs 47 crore. Warrants carry 18 month tenor with 25 percent upfront payment. EGM scheduled for October 16, 2026.
Around 7 percent potential dilution on full conversion. Promoter participation signals alignment. Subject to shareholder approval at Oct 16 EGM.