Announced Tue, 20 Oct, 2026 · 18:12 IST
Warrants converted to 5,04,000 equity shares; allotted to non-promoter
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved allotment of 5,04,000 equity shares (Rs. 10 face value) at Rs. 26 per share to non-promoter Sanjay Jaideo Poddar, upon conversion of warrants on preferential basis. Total consideration received: Rs. 98.28 lakh. Paid-up equity capital rises to Rs. 20.99 crore (2.09 crore shares). Allottee now holds 2.40% post-issue.
Likely market impact
Dilution of about 2.40% for existing shareholders as warrants convert to shares. Company receives balance 75% consideration.