Announced Tue, 30 Jun · 23:47 IST
Allotment of 34,000 shares on warrant conversion; 8.24 lakh warrants lapse
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
+0.0%1-day move
₹60.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.0+0.0+4.2——+0.1-6.9———
Up moveDown movePending
AI summary
Tanvi Foods allotted 34,000 equity shares to non-promoter Mr. M V V Raghava Rao upon conversion of warrants at Rs 90 per share, receiving Rs 22.95 lakh as the balance 75 percent consideration. Out of 10,48,225 warrants allotted in Dec 2024 on a preferential basis, only 2,24,225 have converted so far. The remaining 8,24,000 warrants lapsed after the 18-month tenure ended, and their 25 percent upfront money of about Rs 18.54 lakh stands forfeited.
Likely market impact
Mild dilution via 34,000 share conversion and Rs 22.95 lakh cash inflow. 8.24 lakh warrants lapsing signals weak demand; forfeited funds retained.