9 Lakh Warrants Converted to Equity Shares at Rs 210 Each

Warrants ConvertedFund Raising View source PDF Explain this filing

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

+0.4%Reaction day

₹345.50

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-0.4% vs market

On the reaction day the stock moved 0.4 pts less 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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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.4+0.8-0.4

Next day

+3.3+1.0+2.3

+3.6+1.7+1.9

+6.8+0.1+6.7

+6.4+0.8+5.6

+8.5-0.9+9.4

+7.4-4.5+11.8

15d

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Board allotted 9,00,000 equity shares on conversion of 9,00,000 convertible warrants at Rs 210 per share (Rs 200 premium) upon receiving balance 75 percent amount totaling Rs 14.18 crore. Promoters Hiren Patel got 7,13,000 shares, Kajal Patel 1,37,000 shares; non-promoter Mona Shah got 50,000 shares. Paid-up capital rose from Rs 11.98 crore to Rs 12.88 crore (1.28 crore total shares).

Likely market impact

Equity dilution from warrant conversion. Promoter holding rises to about 60 percent, showing promoter confidence. Company receives Rs 14.18 crore.