Outcome of the BM

Fund Raising View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹1.94

prior close

₹1.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+2.5% vs market

Residential, Commercial Projects peers, median of 54sector-1.0%+3.6% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.6 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-2.0

15m

-0.5

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+0.1+2.5-1.0+3.6

Next day

+2.6+1.5+1.1-0.6+3.2

+2.1+1.0+1.1-0.6+2.6

+2.6+0.9+1.7-0.4+3.0

+2.1+0.7+1.3-1.5+3.6

-1.5+0.1-1.7-2.7+1.1

-1.5-0.9-0.7-1.6+0.1

15d

-3.6-2.5-1.1-1.5-2.2

+3.6-2.1+5.7-3.3+6.9

-4.1-10.3+6.2-8.2+4.1

-6.7-6.3-0.4-8.8+2.1

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 54Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board approved a preferential issue of 2,51,39,620 equity shares at Rs. 2.55 each (face value Rs. 1, premium Rs. 1.55) to promoter Mr. Ashish P. Patel, towards conversion of an unsecured loan of Rs. 6,41,06,031. The issue price is set per SEBI ICDR Regulation 164, subject to revision based on the registered valuer's report. An EGM is scheduled for December 26, 2025 to seek shareholder approval. Additionally, the board decided to withdraw the previously proposed Rights Issue (originally approved in the October 19, 2024 board meeting).

Likely market impact

This is a debt-to-equity swap with the promoter, which reduces the company's loan liability but also expands the promoter's equity stake and dilutes existing minority shareholders. The withdrawal of the earlier Rights Issue removes a potential fund-raising avenue that existing shareholders were expecting.