Announced Sat, 25 Jul · 17:18 IST
Board okays Rs 93.15 cr warrant issue, new MOA and AOA
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹10.98
prior close
₹11.58
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.3—————————
Up moveDown movePending
AI summary
Board approved issuing up to 6.21 crore convertible warrants at Rs 15 each (Rs 14 premium) on a preferential basis to 53 investors, raising up to Rs 93.15 crore. Also approved regularisation of two independent directors and adoption of new MOA and AOA aligned with the Companies Act 2013. EGM scheduled for August 20, 2026. Warrants convert in one or more tranches within 18 months, with 25 percent payable on allotment and 75 percent on conversion.
Likely market impact
Significant equity dilution expected; fresh capital inflow subject to shareholder approval at the August 20 EGM.