8.04 crore warrants converted into equity shares at Rs 9.45

Warrants convertedFund Raising View source PDF Explain this filing

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

+1.0%Reaction day

₹10.74

prior close

₹10.97

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%-1.2% vs market

Iron & Steel Products peers, median of 104sector+1.6%-0.6% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+2.2-1.2+1.6-0.6

Next day

+0.1pendingpending+2.9-2.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Steel Exchange India converted 8,04,23,279 warrants held by India Coke and Power and IMR Steel into Rs 1 face-value shares at Rs 9.45 each, including an Rs 8.45 premium, after holders paid 75% of the issue price. Paid-up capital rose to Rs 135.59 crore, with 23.70 crore warrants outstanding. For the September 2026 quarter, revenue was Rs 343.16 crore and net profit Rs 17.62 crore, versus Rs 231.76 crore and Rs 2.11 crore a year earlier.

Likely market impact

Fresh cash and profit growth help, but the 6.3% share-count rise dilutes holders. Remaining 2.37 crore warrants could add about 17.5% more shares.