Announced Thu, 20 Aug · 19:43 IST
Board approves preferential issue of warrants and equity shares worth Rs 30 crore
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
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.5-8.3-12.1———-4.4———
Up moveDown movePending
AI summary
Board approved preferential issue of 2.32 crore convertible warrants and 8 lakh equity shares at Rs 12.50 per share (including Rs 2.50 premium) to non-promoters, aggregating Rs 30 crore. Also appointed M/s A S Bhutani and Associates as new statutory auditor for 5 years from FY27, replacing resigned auditor. All proposals need shareholder approval at the AGM on September 18, 2026.
Likely market impact
Potential equity dilution of about Rs 30 crore to non-promoters. Watch AGM outcome and warrant conversion timeline over 18 months.