Board approves Rs 32.4 Cr warrant issue and migration to NSE main board

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

+20.0%Reaction day

₹83.50

prior close

₹86.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+20.0% vs market

On the reaction day the stock moved 20.0 pts more than Nifty Microcap 250, 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+20.0+0.0+20.0

Next day

+29.3+1.3+28.0

+16.4+1.1+15.3

+21.0-1.7+22.7

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15d

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Board approved issuing up to 40 lakh fully convertible warrants at Rs 81 each, totaling up to Rs 32.4 crore, to 27 identified allottees (including 4 promoter/promoter-group members and 23 non-promoters) via preferential allotment. 25% upfront, balance on conversion within 18 months. Also approved migration from NSE EMERGE platform to NSE Main Board and a postal ballot for the same. EGM to be held for shareholder approvals.

Likely market impact

Dilution on full conversion: promoter holding drops from 63.67% to 60.72%. Positive: planned migration to main board may improve visibility and liquidity.