Announced Fri, 18 Sept · 18:42 IST
AGM results: Preferential issue of warrants and shares approved
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
At the 8th AGM on 18 Sep 2026, shareholders approved issuing up to 2.32 crore warrants convertible into equity shares and 8 lakh equity shares on preferential basis to non-promoters at Rs 12.50 per share (face value Rs 10 plus Rs 2.50 premium). Also appointed M/s A S Bhutani and Associates as statutory auditor for 5 years and two independent directors.
Likely market impact
Dilution of about 2.4 crore shares at Rs 12.50 to non-promoters. New auditor and two independent directors appointed.