Board approves preferential issue of shares and warrants worth about Rs 9.4 crores
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 5.6 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shiva Granito Export board approved preferential issue of up to 54,50,000 equity shares at Rs 10.50 each (face value Rs 10, premium Rs 0.50), raising up to Rs 5.72 crores from 17 non-promoter allottees. Also approved up to 35,00,000 fully convertible warrants at Rs 10.50 each, raising up to Rs 3.68 crores from 5 allottees including promoter group. Total potential raise about Rs 9.4 crores. EGM on November 5, 2026.
Significant equity dilution of about 89 percent on expanded base. Small premium of Rs 0.50 over face value means pricing is near par.