93.12 lakh shares allotted on conversion of warrants

Warrants ConvertedFund Raising View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Personal Care peers, median of 14sector-1.3%+1.3% vs sector

On the reaction day the stock moved 1.3 pts more than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The company allotted 93,12,364 equity shares of Rs 10 each on conversion of warrants issued at Rs 31.41 to five allottees. It received Rs 29.25 crore, and no warrants remain outstanding. Paid-up equity capital rose from Rs 11.32 crore to Rs 20.63 crore, while the share count increased from 1.13 crore to 2.06 crore.

Likely market impact

The share count rose about 82%, diluting existing holders, but the company received fresh capital of Rs 29.25 crore and its warrant-related funding uncertainty ended.