Announced Fri, 18 Sept · 18:44 IST
AGM approves preferential issue of warrants and equity shares
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
At the 8th AGM on 18 Sept 2026, shareholders approved a preferential issue of up to 2.32 crore warrants convertible into equity shares and 8 lakh equity shares at Rs 12.50 each (including Rs 2.50 premium) to about 15 non-promoter allottees. Warrants are convertible within 18 months. Also approved new statutory auditor A S Bhutani and Associates for 5 years, and two independent directors.
Likely market impact
Equity dilution for existing shareholders as company issues new shares and convertible warrants to non-promoters at Rs 12.50 each.