Board approves preferential issue of convertible warrants worth about Rs. 14.99 crores

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.6% vs market

Logistics Solution Provider peers, median of 44sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.1 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Shipwaves Online Limited's board approved issuing up to 3.33 crore convertible warrants at Rs. 4.50 each, raising about Rs. 14.99 crores on a preferential basis. Allottees include Mukka Proteins Limited (Promoter Group) for 2.93 crore warrants and two non-promoter individuals for 20 lakh warrants each. 25 percent is payable upfront and 75 percent on conversion within 18 months. Full conversion would raise paid-up equity from 14.15 crore to 17.48 crore shares. Subject to shareholder approval at the AGM on September 30, 2026.

Likely market impact

Potential equity dilution if warrants convert; promoter group participation signals confidence. Approval pending at AGM.