Announced Tue, 7 Jul · 10:56 IST
EGM notice for capital raise via preferential warrants to promoters
Board & Shareholder Meetings View source PDF
TIRUPATIFL · price
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Price reaction · full curve 14 horizons · vs prior close
-7.1%1-day move
₹71.30
prior close
₹71.94
base price
In-mkt
timing
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+0.1-0.1-1.3-1.3-7.1-4.6-4.3-2.5-2.8-5.9————
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AI summary
Company called an EGM on July 31, 2026 to seek shareholder approval for two items: 1) increasing authorised share capital from Rs 26.5 crore to Rs 27.5 crore, and 2) issuing 37 lakh convertible warrants at Rs 58 each (Rs 2 face value plus Rs 56 premium) on a preferential basis to promoter and promoter group, totalling about Rs 21.46 crore. Warrants can be converted into equity shares within 18 months, with 25 percent upfront.
Likely market impact
Promoters to invest about Rs 21.46 crore via warrants, showing confidence. Minority shareholders may face dilution if warrants are exercised.