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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Stellant Securities approved increasing authorized share capital from Rs. 5 crore to Rs. 7 crore. It also approved issuing 7,05,882 convertible warrants to promoters (Mangala Subhash Rathod and Subhash Rathod) at Rs. 340 per warrant, raising about Rs. 24 crore. Separately, it approved issuing 25,57,730 equity shares to 50 public investors at Rs. 290 per share, raising about Rs. 74.17 crore. The warrants carry a 25% upfront payment with the remaining 75% due on conversion within 18 months. An Extra Ordinary General Meeting is scheduled for December 10, 2025 to seek shareholder approval for these proposals. All actions are subject to shareholder and regulatory approvals.
Existing shareholders will see dilution once the preferential issues are approved and allotted, since both promoters and new public investors are being brought in at a premium. The stock could face short-term pressure depending on how the market views the Rs. 290 and Rs. 340 issue prices relative to the prevailing market price.