This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Board approves marble mining acquisition and preferential share issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.1 pts less than Nifty Microcap 250 and 5.9 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Board approved acquisition of equity stake in a marble mining, extraction and processing entity, subject to due diligence and valuation. Also approved raising funds via preferential issue of equity shares or other securities, potentially through share swap as acquisition consideration. CEO authorized to appoint legal, financial and technical advisors including a SEBI-registered merchant banker and valuer. All proposals need shareholder and regulatory approvals.
Possible diversification into marble mining for the company. Shareholders may see equity dilution from the preferential issue.