Announced Tue, 27 Oct, 2026 · 21:41 IST
Board proposes 1-for-1 bonus, warrant issue and capital increase
SHETHJI · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved, subject to shareholder vote, authorised capital rise from Rs 23 crore to Rs 50 crore and up to 22,02,280 warrants at Rs 185, each convertible into one share, for promoters and selected investors. The issue targets Rs 40.74 crore. A 1-for-1 bonus covers 22,760,000 existing shares and warrant shares. Voting is on November 26, 2026. One IPO machinery vendor changed, with no change in cost, scope or timeline.
Likely market impact
New warrants may dilute holders; the 1-for-1 bonus adds no value. New capital can support growth, but shareholder approval is pending.