Announced Fri, 6 Nov, 2026 · 17:23 IST
Promoter group buys 2.61% potential stake via convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The promoter group acquired 166,200 fully convertible warrants through a preferential allotment for cash at INR 602 per equity share, including an INR 592 premium. Mangala, Saajan and Mayank Rathod received 33,224, 66,488 and 66,488 warrants. Their combined interest, including warrants, rose from 42.77% to 45.38%; equity capital remains unchanged at INR 63.64 lakh.
Likely market impact
Promoter buying signals confidence, while future warrant conversion may dilute existing holders. Voting rights increase only after conversion.