Promoter Warrants Lapse; Company Forfeits Rs 24.48 Crore Upfront Amount

Fund Raising View source PDF Explain this filing

SERVOTECH · price

Loading chart…

▲ 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

-2.6%Reaction day

₹99.60

prior close

₹99.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-1.5% vs market

Other Electrical Equipment peers, median of 48sector-1.0%-1.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.6 pts less than its Other Electrical Equipment 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

-1.0

10m

-1.4

15m

-1.0

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-1.1-1.5-1.0-1.6

Next day

+2.5+1.9+0.6+0.5+1.9

+3.8+3.7+0.2+2.8+1.0

+4.5+4.2+0.2+2.3+2.2

+3.5+5.4-1.9+2.3+1.2

+2.2+5.9-3.7+1.8+0.4

+3.2+7.6-4.5+4.9-1.8

15d

+1.8+7.7-5.9+2.7-0.9

-2.4+8.6-10.9+2.0-4.3

-16.1+10.5-26.7-1.7-14.4

-22.2+13.3-35.6+3.0-25.3

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 48Pending

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

AI summary

The company had allotted 58.5 lakh convertible warrants at Rs 167.40 each to promoter Sarika Bhatia in December 2024 on a preferential basis. The 18-month conversion deadline ended 09 June 2026 with no warrants exercised. All 58.5 lakh warrants have now lapsed, and the 25% upfront amount of Rs 24.48 crore stands forfeited by the company. There is no change to paid-up equity share capital as a result.

Likely market impact

Negative signal - promoter did not convert warrants, indicating possible cash issues or weak confidence. Avoided equity dilution, but the forfeiture is only a small gain.