SCNL board approves 100.10 crore convertible warrants to promoters at premium

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Price reactionminutes from the announcement price · days from the prior close

+2.8%Reaction day

₹235.40

prior close

₹236.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+1.9% vs market

Finance peers, median of 398sector · industry level+0.0%+2.8% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.8 pts more than its Finance 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

+1.4

10m

+1.0

15m

+0.1

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+0.9+1.9+0.0+2.8

Next day

+2.4+0.9+1.5+0.1+2.3

+1.5-1.1+2.6-1.0+2.6

+3.0+0.7+2.3-0.2+3.2

-0.3-0.7+0.5-1.1+0.9

-7.3-1.8-5.4-1.5-5.8

-1.1+2.9-4.0+1.1-2.2

15d

-2.0+5.3-7.3+1.1-3.1

+9.1+7.1+2.0+1.6+7.5

-0.1+8.2-8.3+0.4-0.5

-6.8+11.7-18.5+1.4-8.1

UpDownMarket · Nifty Microcap 250Sector · Finance peers, median of 398Pending

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

AI summary

SCNL's board approved issuing up to 38.5 lakh fully convertible warrants to promoter entity Trishashna Holdings at 260 per warrant, totalling 100.10 crore. Price is 17 percent above SEBI floor of 222.82 and 10.5 percent above market close of 235.25. Warrants convertible into equity within 18 months. Post conversion, promoter holding rises from 36.17 percent to 38.32 percent. Subject to shareholder approval via postal ballot from June 5 to July 4, 2026.

Likely market impact

Strong promoter confidence signal; capital to support growth target of 32,000 crore group AUM by 2030. Subject to shareholder approval.