Announced Thu, 30 Jul · 19:41 IST
Board approves preferential issue of warrants and shares worth about Rs 30 crore
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved a preferential issue of 1.70 crore convertible warrants and 5.88 lakh equity shares to non-promoters at Rs 17 per share (including Rs 7 premium), totaling about Rs 30 crore. Warrants are convertible within 18 months. Also approved MDAR and Directors Report for FY26. 8th AGM set for 27 August 2026, subject to shareholder approval.
Likely market impact
Preferential issue at Rs 17 may lead to equity dilution for existing shareholders, pending shareholder approval at AGM on 27 August 2026.