Announced Thu, 30 Jul · 19:23 IST
Preferential issue of warrants and equity 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 preferential issue of 1.70 crore warrants convertible into equity and 5.88 lakh equity shares at Rs 17 each, with Rs 7 premium over face value of Rs 10, totaling about Rs 30 crore. All securities go to non-promoter and public investors, including 14 allottees for warrants. Warrants are convertible within 18 months of allotment. Issue price fixed by registered valuer. Subject to shareholder approval at AGM on August 27, 2026.
Likely market impact
Dilution risk from up to 1.76 crore new shares to non-promoters. Brings about Rs 30 crore cash but increases share count.