Board approves forfeiture of 9.11 lakh unconverted warrants

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Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹36.00

prior close

₹36.48

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-4.7% vs market

Other Textile Products peers, median of 180sector+0.3%-5.3% vs sector

On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 5.3 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

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15m

-1.3

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0-0.3-4.7+0.3-5.3

Next day

-6.1-0.1-5.9+0.0-6.1

-9.0-0.8-8.2-0.1-9.0

-11.1-2.8-8.3-1.5-9.7

-8.6-1.0-7.7-0.6-8.0

-8.2+0.4-8.6-0.5-7.7

-11.1-0.5-10.6-0.9-10.2

15d

-13.3-1.9-11.5-2.5-10.8

-27.8+0.4-28.3-0.7-27.1

-37.5+3.5-41.0-0.8-36.7

-43.5+2.0-45.5-2.4-41.0

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 180Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.