Announced Thu, 30 Jul · 19:37 IST
Board approves preferential issue of warrants and shares worth about Rs 30 crore
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved issuing 1.70 crore convertible warrants at Rs 17 each (about Rs 29 crore) and 5.88 lakh equity shares at Rs 17 (about Rs 1 crore) to non-promoter investors on preferential basis. Also approved Directors Report and MDAR for FY 2025-26. 8th AGM set for August 27, 2026 where shareholders will vote on the preferential issue.
Likely market impact
Preferential issue to non-promoters will dilute existing shareholders. Total raise about Rs 30 crore, pending shareholder approval at the August 27 AGM.