Announced Tue, 27 Oct, 2026 · 21:40 IST
Board approves 1-for-1 bonus issue and preferential warrants
SHETHJI · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The Board approved a 1-for-1 bonus issue of up to 2,49,62,280 shares, worth Rs 24.96 crore, subject to shareholder approval. It also approved up to 22,02,280 convertible warrants at Rs 185 each to raise Rs 40.74 crore. Authorised capital may rise from Rs 23 crore to Rs 50 crore.
Likely market impact
The bonus keeps ownership percentages unchanged, but warrant conversion can add shares and dilute holders. Both plans need shareholder approval.