Announced Wed, 9 Sept · 16:03 IST
Corrigendum to AGM notice for about Rs 30 crore preferential issue
Price
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Price reaction · full curve 14 horizons · vs prior close
+8.6%1-day move
₹9.67
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+8.6+8.6—+3.2——————
Up moveDown movePending
AI summary
Board approved a corrigendum to its 8th AGM notice (18 Sep 2026). The notice covers a preferential issue of 2.32 crore warrants and 8 lakh equity shares at Rs 12.5 each, totaling about Rs 30 crore. Minimum issue price corrected from Rs 12.206 to Rs 12.201 per share. Of proceeds, 75 percent (Rs 22.5 cr) goes to subsidiaries Rockbase Real Estate and Skycrest Projects; 25 percent for general corporate purposes. No change in control.
Likely market impact
Significant dilution risk as share count will roughly triple post-issue. Money raised is mainly for subsidiary funding; no change in company control.