Announced Tue, 16 Jun · 16:22 IST
Promoter Chairman Rajesh Rathi converts warrants, raises stake to 9.32%
Compliance View source PDF
SUDARSCHEM · price
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Price reaction · full curve 14 horizons · vs prior close
+0.1%1-day move
₹904.20
prior close
₹912.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.1+0.1+0.3+0.1+0.6-0.1-2.1-0.9-2.5+4.1+14.4——
Up moveDown movePending
AI summary
Sudarshan Chemical Industries' Chairman, MD and Promoter Rajesh Rathi has converted 9,80,000 warrants into equity shares at ₹1,019.75 each, a roughly 16% premium to the market price on June 10, 2026. The conversion, completed on that date, represents a capital commitment of close to ₹100 crore and lifts the promoter group holding from 8.19% to 9.32%. Rathi said he is backing the company with his own capital due to long-term confidence in its global platform and growth prospects.
Likely market impact
Promoter buying at a premium signals strong insider confidence; ~₹100 cr infusion and higher promoter holding are positive for shareholders.