Sharvaya Metals to issue warrants and acquire Success Electronics via share swap
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.4 pts less than its Aluminium, Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Board approved two items: (1) issuing up to 8,11,000 convertible warrants at INR 144 each to raise about INR 11.68 crores from promoters and one public investor, with 25 percent payable upfront and balance on exercise within 18 months; and (2) acquiring 100 percent of Success Electronics (aluminium die-cast components for automotive and EVs) via 21 lakh equity shares worth about INR 30.24 crores on a share swap. Success reported INR 9.47 crores revenue in FY25. Related party deal as promoters hold stakes in both firms. Shareholder and EGM approval needed.
Equity dilution from warrants plus 21 lakh swap shares. Acquisition adds EV aluminium die-casting capabilities and consolidates operations.