Promoter converts warrants and raises holding to 23 percent
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.0 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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Promoter Aman Pasricha Balsara received 27,95,502 shares on October 29, 2026 by converting fully convertible warrants. His direct holding rose from 19,50,651 shares, equal to 17.23 percent of capital before the allotment, to 47,46,153 shares, or 23 percent afterward. This formed part of 93,12,364 shares issued to all warrant holders, lifting total share capital to INR 20.63 crore.
The larger share count may weigh on per-share value, while the promoter's voting influence rises to 23 percent.