Promoter Rajesh Rathi Converts Warrants, Raises Stake to 9.32%

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

SUDARSCHEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

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AI summary

Promoter and CMD Rajesh Rathi exercised 9,80,000 convertible warrants at ₹1,019.75 each, infusing close to ₹100 crore. Allotment was completed on June 10, 2026 at about a 16% premium to the market price. Promoter group holding rose from 8.19% to 9.32%. Warrants had been originally allotted in December 2024. Management cites the conversion as a signal of long-term commitment to the business.

Likely market impact

Positive: promoter deepening his stake with own capital at a premium signals strong confidence in future growth.