Announced Thu, 2 Jul · 17:45 IST
Tirupati Forge to issue 37 lakh warrants worth Rs 19.61 cr to promoters
Fund Raising View source PDF
TIRUPATIFL · price
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Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹68.39
prior close
₹69.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+0.9-0.6-2.2+4.3+3.5-3.1-0.6-0.3+1.3+7.6———
Up moveDown movePending
AI summary
Board approved issue of 37,00,000 convertible warrants at Rs 53 each on preferential basis to Promoter and Promoter Group, aggregating Rs 19,61,00,000. Issue price includes Rs 51 premium over face value of Rs 2. Buyers pay 25 percent upfront, balance on conversion within 18 months. Authorized capital also raised from Rs 26.50 cr to Rs 27.50 cr. EGM on July 31, 2026.
Likely market impact
Promoter infusion signals confidence. Warrants may dilute equity on full conversion. Shareholder approval pending at EGM on July 31.