Announced Thu, 2 Jul · 17:24 IST
Board approves forfeiture of 9.11 lakh unconverted warrants
Fund Raising 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
-6.1%1-day move
₹36.00
prior close
₹36.48
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.1-9.0-11.1-8.6-8.2-11.1-13.3———
Up moveDown movePending
AI summary
Board approved forfeiture of 9,11,479 fully convertible warrants after holders failed to convert within the 18-month deadline ending June 22, 2026. Of the original 58.37 lakh warrants allotted in December 2024 at Rs. 70 each, about 49.26 lakh were exercised and converted. The 25 percent upfront subscription money on lapsed warrants, about Rs. 1.59 crore, stands forfeited to the company. No change in paid-up equity capital.
Likely market impact
Slightly positive - company retains around 1.59 crore rupees in forfeited subscription money; no equity dilution from these lapsed warrants.