Announced Tue, 1 Sept · 22:37 IST
Board approves preferential issue of shares and convertible warrants
SUPREMEENG · 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
+3.5%1-day move
₹2.88
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.5+5.2+7.3+9.4+11.5+15.6————
Up moveDown movePending
AI summary
Board approved preferential issue of up to 28.09 crore equity shares and 14.5 crore convertible warrants at Rs. 2.60 each (face value Rs. 1, premium Rs. 1.60). Promoter Sanjay Chowdhri and family to take a large portion, with Sanjay alone allotted 5.5 crore shares and 7 crore warrants. Combined raise around Rs. 110 crore from 86 equity and 7 warrant allottees, subject to shareholder approval under SEBI ICDR rules.
Likely market impact
Significant equity dilution expected; about Rs. 110 crore capital infusion likely to strengthen balance sheet.