Promoters get 15.3 lakh shares via preferential allotment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board allotted 15,30,000 equity shares at Rs 45.65 each (premium of Rs 35.65 over face value of Rs 10), raising about Rs 6.98 crore from promoters Sanjay Kumar Agrawal and Rashmi Agrawal. Promoter Sanjay's stake rose from 18.66 percent to 19.46 percent and Rashmi's from 16.10 percent to 18.55 percent. Paid-up equity capital increased to Rs 30.72 crore from Rs 29.20 crore.
Shows promoter confidence via fresh capital infusion; minor dilution for non-promoter shareholders as promoter stakes rise.