12 lakh warrants allotted to promoter at Rs 205 each

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.7%Reaction day

₹260.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-4.7% vs market

On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.7-1.0-4.7

Next day

-8.8-3.3-5.5

-1.7-2.9+1.2

+9.6pendingpending

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Following shareholder approval, the board allotted 12,00,000 convertible warrants to promoter Tushar Lalit Kumar Sanghavi at Rs 205 each. This includes a Rs 195 premium over the Rs 10 face value. The company received 25% of the issue price; the balance is due within 18 months. Each warrant can convert into one share, but no conversion has occurred.

Likely market impact

The company receives about Rs 6.15 crore. No shares are issued yet; conversion could add 12 lakh shares and reduce existing shareholders' ownership.