Announced Wed, 30 Sept, 2026 · 20:58 IST
SRIGEE DLM: Shareholders approve reallocation of unutilised IPO funds
Price
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Price reaction · full curve 14 horizons · vs prior close
-13.5%1-day move
₹85.34
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-13.5-9.8-11.4-12.0——————
Up moveDown movePending
AI summary
At the 30 Sept 2026 AGM, shareholders of SRIGEE DLM approved a Special Resolution to reallocate about Rs 424.40 Lakhs of unutilised IPO proceeds from the 'Acquisition of machineries' object (Rs 951 Lakhs allocated, Rs 833 Lakhs unutilised) towards setting up its manufacturing facility. The facility location was also revised to Plot R-11A, Integrated Industrial Township, Greater Noida. The original IPO was in May 2025.
Likely market impact
Reallocation of unutilised IPO funds toward higher facility costs. Investors should track deployment of remaining proceeds.