Warrant Conversion: 23 Lakh Shares Allotted to Promoter and Investors

Warrants ConvertedFund Raising View source PDF Explain this filing

SAMPANN · price

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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

-0.3%Reaction day

₹27.30

prior close

₹27.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.5% vs market

Rubber peers, median of 9sector+1.0%-1.2% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.2 pts less than its Rubber 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

-0.3

10m

-0.1

15m

-0.1

30m

-5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+1.3-1.5+1.0-1.2

Next day

+1.6+1.6-0.0+0.6+1.0

+1.0+1.7-0.7+2.4-1.3

-0.0+1.6-1.7+0.0-0.0

-1.8+1.5-3.3+2.3-4.1

-3.3+1.8-5.1+1.3-4.5

-3.3+2.1-5.4+1.7-5.0

15d

-4.0+3.2-7.2+0.0-4.0

-9.5+3.7-13.2+1.1-10.6

-11.8+1.1-13.0-6.9-5.0

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UpDownMarket · Nifty Microcap 250Sector · Rubber peers, median of 9Pending

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

AI summary

The board approved allotment of 23 lakh equity shares upon conversion of balance warrants at Rs 33.90 per share (Rs 10 face value plus Rs 23.90 premium). Promoter Sachin Agarwal got 8 lakh shares; Ebisu Global and Unico Global Opportunity Funds each got 7.5 lakh. About Rs 5.85 crore received as 75 percent amount. Promoter Sachin Agarwal stake rises to 18.15 percent from 17.36 percent.

Likely market impact

Promoter and investor stakes rise as all warrants convert to equity, causing minor dilution for existing public shareholders.