Announced Thu, 20 Aug · 19:49 IST
Board meeting outcome: auditor change, Rs 30 crore preferential issue
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 multiple items on 20 Aug 2026: replacing auditor Kapil Sandeep & Associates with A S Bhutani & Associates for 5 years (FY 2026-27 to 2030-31); issuing 2.32 crore convertible warrants at Rs 12.50 per share (about Rs 29 crore) plus 8 lakh direct equity shares at Rs 12.50 per share (Rs 1 crore) to non-promoters on preferential basis; revised Board Report and MDAR for FY 2025-26; 8th AGM scheduled for 18 September 2026.
Likely market impact
Potential share dilution from preferential issue to non-promoters, pending shareholder approval at the AGM on 18 September 2026.