Announced Fri, 10 Jul · 18:32 IST
EGM approves preferential issue of 40 lakh shares and 40 lakh warrants
Compliance View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹15.08
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.4+4.8+7.9+2.5+12.7+10.7————
Up moveDown movePending
AI summary
EGM on July 9, 2026 approved two special resolutions with 99.94 percent votes in favor (34.09 lakh votes for, just 2,001 against). First: issue 40 lakh equity shares at Rs 10 each on preferential basis. Second: issue 40 lakh convertible warrants. Both to promoters and non-promoters via private placement. Polling was 42.63 percent of 79.97 lakh outstanding shares.
Likely market impact
Shareholders face about 50 percent dilution from 80 lakh new shares versus 80 lakh existing. Capital infusion positive for growth but EPS will dilute.