Postal ballot approves preferential issue fund raise

Fund Raising View source PDF Explain this filing

TEGA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹2068.00

prior close

₹2090.00

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.8%-0.5% vs market

Industrial Products peers, median of 134sector+0.6%-0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.3 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

-0.0

15m

+0.0

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.8-0.5+0.6-0.3

Next day

-1.2-0.6-0.7-0.3-0.9

+1.1-0.6+1.6-0.2+1.3

-2.8-2.2-0.7-0.8-2.0

-0.4-2.8+2.4-1.4+0.9

+1.5-2.5+4.1-0.7+2.3

-0.1-3.3+3.2-2.6+2.5

15d

-8.5-3.5-5.1-3.9-4.6

-16.7-10.3-6.4-9.8-6.9

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Products peers, median of 134Pending

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

AI summary

Tega Industries shareholders approved a special resolution via postal ballot to raise funds through a preferential issue on private placement basis. The resolution passed with 99.9% votes in favour out of 6.69 crore shares voted, representing 89.11% of outstanding shares. Promoter group voted fully in favour with 5.07 crore shares. Public institutions supported at 99.57%. The company can now proceed with the fund raising.

Likely market impact

Clears way for fund raise; existing shareholders may face equity dilution from preferential allotment