Announced Wed, 23 Sept, 2026 · 15:48 IST
Clarification on use of warrant issue proceeds
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹175.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-5.1-3.4-2.0-5.7-4.2-0.7————
Up moveDown movePending
AI summary
Sanjivani Paranteral clarified to BSE how proceeds from a proposed issue of up to 5 lakh convertible warrants will be used. About Rs 5.80 crore from the issue will go towards capital expenditure such as new machinery and HVAC systems, and working capital for the subsidiary. The remaining funding need will be met from internal accruals. This provides more detail on the broad object of future expansion stated in the July 2026 postal ballot notice.
Likely market impact
More clarity on use of warrant proceeds; supports future expansion and subsidiary growth.