Announced Thu, 2 Jul · 08:41 IST
Board meeting on July 10 for allotment of 28,21,411 shares on warrant conversion
SOUTHWEST · price
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Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹217.53
prior close
₹220.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.8-0.8-0.8+4.3+1.6+2.0+5.3+6.2+2.5+8.5———
Up moveDown movePending
AI summary
Board meeting on July 10, 2026 to allot 28,21,411 equity shares from conversion of fully convertible warrants. Allotment includes 22,69,288 shares to promoters and 5,52,123 to non-promoters, upon receipt of the balance 75 percent of issue price. Warrants were originally allotted on a preferential basis in February 2025 after shareholder approval in January 2025.
Likely market impact
Warrant conversion will increase share count, causing dilution. Promoters converting their warrants may strengthen their stake in the company.