Announced Fri, 16 Oct, 2026 · 15:11 IST

Board approves conversion of 465000 warrants into equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

Price

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▲ 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

-4.7%Reaction day

₹48.18

prior close

₹45.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-5.4% vs market

Pharmaceuticals peers, median of 173sector+0.1%-4.8% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.8 pts less than its Pharmaceuticals 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.7+0.7-5.4+0.1-4.8

Next day

-4.5-1.0-3.5-1.2-3.3

-2.4-3.6+1.1-3.0+0.5

-2.4-4.5+2.1-3.9+1.4

-7.3-6.8-0.6-5.0-2.3

-10.8-6.4-4.4-3.9-6.8

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 173Pending

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

AI summary

Shelter Pharma's Board approved conversion of 465,000 warrants into 465,000 equity shares at Rs. 42.25 each on October 16, 2026. Promoter Mustaqim Nisarahmed Sabugar exercised all balance warrants, paying Rs. 14.73 lakh as remaining 75% exercise price. Paid-up capital rose from Rs. 16.84 crore to Rs. 17.30 crore (1.68 crore to 1.73 crore shares). No warrants remain outstanding.

Likely market impact

Minor dilution from promoter-led warrant conversion; no fresh capital beyond already-committed amount. Signals promoter confidence.