AGM approves preferential issue of 22.48 lakh shares at Rs 285

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Price reactionminutes from the announcement price · days from the prior close

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₹252.00

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.7% vs market

Investment Company peers, median of 60sector+0.2%-2.2% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.2 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

At its 12 September 2025 AGM, shareholders approved a preferential issue of 22,48,270 fully paid equity shares of Rs 10 each to 25 investors for consideration other than cash. The issue price is Rs 285 per share, including a Rs 275 premium and above the Rs 277.04 floor price. The allottees will together hold 20% after allotment.

Likely market impact

The new investors will hold 20%, diluting existing holders. Issuing above the floor price may support sentiment, but dilution could weigh on the stock.