Announced Fri, 24 Jul · 16:43 IST
Board to consider OCRP conversion and Rs 49.90 Cr Rights Issue on 29 July
Fund Raising View source PDF
SUMEETINDS · price
▲ 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
—1-day move
₹28.77
prior close
₹27.34
base price
After-mkt
timing
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AI summary
Board meeting on 29 July 2026 will consider issuing equity shares on conversion of Optionally Convertible Redeemable Preference Shares via preferential allotment, and a Rights Issue of Rs 49.90 crore for integrating the CP Plant acquired from Nakoda Limited (under liquidation).
Likely market impact
Potential equity dilution from OCRP conversion; Rs 49.90 Cr rights issue for plant expansion will need shareholder approval.