Promoters to invest up to Rs.9.46 cr via warrants at 18% premium
SATKARTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved issuing up to 5,50,000 convertible warrants to promoters and promoter group at Rs.172 per warrant, about 18.20% above the floor price of Rs.145.51. Total raise up to Rs.9.46 crores aimed at Ayurveda and hospital expansion. Each warrant converts into 1 equity share; 25% payable now, 75% on conversion within 18 months. Promoter holding will rise from 54.20% to 55.52%. EGM on Oct 23, 2026.
Promoter confidence shown by paying a premium; mild dilution risk on full conversion; needs shareholder approval at EGM.