Announced Thu, 20 Aug · 19:34 IST
Board okays warrants and equity shares on preferential basis
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 warrants convertible into equity shares at Rs 12.50 each (including Rs 2.50 premium), raising about Rs 29 crore from non-promoters. Also approved 8 lakh equity shares at Rs 12.50 each, raising Rs 1 crore. Total potential raise of Rs 30 crore subject to shareholder approval at AGM on Sept 18, 2026. Statutory auditor changed from Kapil Sandeep and Associates to A S Bhutani and Associates.
Likely market impact
Dilution risk as up to 2.4 crore new shares may be issued. Raises about Rs 30 crore but subject to shareholder approval at AGM.