Announced Thu, 20 Aug · 19:46 IST
Auditor change and about Rs 30 Cr preferential issue approved
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹10.98
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.5-8.3-12.1———-4.4———
Up moveDown movePending
AI summary
Board approved appointing A S Bhutani & Associates as statutory auditor for 5 years (FY 2026-27 to 2030-31) after Kapil Sandeep & Associates resigned. Also approved preferential issue of 2.32 crore warrants and 8 lakh equity shares at Rs 12.50 each to non-promoters, raising about Rs 30 crore. Revised Board Report and MD&A for FY 2025-26 were approved, rescinding earlier approvals from 30th July meeting. AGM scheduled for 18th September 2026.
Likely market impact
Existing shareholders face dilution from about 24 million new shares; fresh capital of around Rs 30 crore coming in but at a modest premium to face value.