Announced Mon, 6 Jul · 10:51 IST
Revised board outcome: 37 lakh convertible warrants to promoters at Rs 58
TIRUPATIFL · 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
+5.6%1-day move
₹67.00
prior close
₹70.12
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.1+0.2+0.5+5.6-1.1+1.5+1.8+3.7+2.9+12.9———
Up moveDown movePending
AI summary
Board approved issue of 37,00,000 convertible warrants on preferential basis to promoters and promoter group at Rs 58 each (face value Rs 2 plus premium Rs 56), aggregating about Rs 21.46 crore. Issue price revised from Rs 53 to Rs 58 after clerical correction. Authorized share capital increased from Rs 26.5 crore to Rs 27.5 crore. EGM to be held on July 31, 2026. 25 percent upfront payment required, balance on conversion within 18 months.
Likely market impact
Equity dilution expected for existing shareholders as promoters take up warrants; company to raise up to Rs 21.46 crore in fresh capital subject to approvals.