Announced Tue, 16 Jun · 11:05 IST
8 Lakh Warrants Lapse; ₹2.44 Cr Forfeited by TT Ltd
Fund Raising View source PDF
TTL · 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
+1.6%1-day move
₹6.79
prior close
₹6.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.2+1.2+1.2+1.6+1.0+0.3+2.2+2.1+0.1-2.9-3.4——
Up moveDown movePending
AI summary
TT Ltd's 8,00,000 convertible warrants (₹122 each, ₹9.76 Cr total) issued on a preferential basis to non-promoters in Dec 2024 have lapsed as warrant holders failed to pay the balance 75% by the June 15, 2026 deadline. Consequently, the 25% upfront amount of ₹2.44 Cr stands forfeited. No change in paid-up share capital.
Likely market impact
No equity dilution; ₹2.44 Cr forfeited funds retained by company. Signals weak investor commitment, though small relative to overall size.