Announced Tue, 8 Sept · 13:21 IST
Board approves allotment of 47.5 lakh shares on warrant conversion
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
+10.1%1-day move
₹8.78
prior close
₹9.21
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1—+19.6+19.6——————
Up moveDown movePending
AI summary
The board approved allotment of 47,49,999 equity shares to non-promoters/public category on conversion of share warrants at Rs. 14 per share (Rs. 10 face value plus Rs. 4 premium). The company received about Rs. 4.99 crore as the balance conversion amount. Post-allotment, paid-up equity capital rose to Rs. 18.03 crore comprising 1.80 crore shares of Rs. 10 each. No warrants now remain pending for conversion into equity shares.
Likely market impact
Dilution for existing shareholders as about 47.5 lakh new shares are issued to public. Capital raised strengthens the balance sheet, but EPS may reduce.