Board approves 14.1L preferential shares to promoters at Rs 110 for debt repayment

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SHEMAROO · price

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

-3.6%Reaction day

₹114.90

prior close

₹115.51

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-3.1% vs market

Media & Entertainment peers, median of 11sector-0.3%-3.3% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Media & Entertainment 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

+1.8

10m

+1.3

15m

+1.3

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-0.5-3.1-0.3-3.3

Next day

-5.8-2.0-3.8-0.8-5.0

-8.2-2.7-5.5-1.2-7.0

-10.4-1.7-8.7-2.6-7.8

-13.8-1.4-12.4-3.8-10.0

-14.7-2.8-11.9-0.1-14.6

-13.4-2.8-10.6-1.9-11.5

15d

-11.2-8.4-2.8-7.3-4.0

-10.8-9.1-1.7-6.9-3.8

-13.7-4.0-9.7-5.3-8.4

-13.8+2.6-16.4-1.6-12.2

UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 11Pending

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

AI summary

The board approved issuing up to 14,10,000 equity shares at Rs 110 each (premium of Rs 100) totaling Rs 15.51 crores on a preferential basis to promoters and promoter group for repayment of existing unsecured debt. Four allottees each receiving 3,52,500 shares: Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo. Postal ballot notice approved. Subject to shareholder and regulatory approvals.

Likely market impact

Minor dilution for public shareholders, but debt reduction may strengthen balance sheet. Shows promoter commitment.