Board approves preferential share and warrant issue worth about Rs 9.40 cr
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▲ 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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Board approved a preferential issue of up to 54.5 lakh equity shares at Rs 10.50 each (about Rs 5.72 cr total) to 17 non-promoter allottees. Also approved up to 35 lakh fully convertible warrants at Rs 10.50 each (about Rs 3.68 cr) to 5 allottees including promoter group company. Combined raise is about Rs 9.40 cr at a small premium of Rs 0.50 over face value. EGM called for November 5, 2026 for shareholder approval.
Significant dilution for existing shareholders; share count could nearly double if all warrants convert. Small premium over face value may signal weak pricing power.