Announced Fri, 24 Jul · 17:04 IST
Postal ballot for Rs 13.5 cr warrants issue and director appointment
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-13.5%1-day move
₹32.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-13.5—————————
Up moveDown movePending
AI summary
Tirth Plastic postal ballot (voting Jul 25 to Aug 23, 2026) seeks approval for two items: (1) issue of 45 lakh convertible warrants at Rs 30 each (about Rs 13.5 cr total) to 42 non-promoter allottees, 25% upfront, balance within 18 months; proceeds for Krishna Plastic Traders acquisition, capex, working capital. (2) Appointment of Ms. Nidhi Gandhi as Independent Director for 5 years.
Likely market impact
Approval enables Rs 13.5 cr fund raise for acquisition and growth, adds independent director. Warrants may dilute equity on conversion within 18 months.