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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 4.6 pts less than Nifty Microcap 250 and 4.9 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shree Marutinandan Tubes Ltd has received in-principle approval from BSE for issuing 47,57,280 convertible warrants to promoters and non-promoters on a preferential basis. Each warrant is convertible into one equity share of Rs. 10 face value at a price of not less than Rs. 103 per share. The minimum potential capital raise from full conversion is approximately Rs. 49 crore (47.57 lakh warrants × Rs. 103). The approval was granted on August 5, 2025, and the company must now comply with SEBI ICDR regulations and complete post-issue listing formalities within 20 days of allotment.
This preferential issue will dilute existing shareholders' equity once the warrants are converted into shares. Promoter participation signals their continued confidence, but investors should watch for the final issue price, allotment date, and any lock-in implications affecting share supply.