Board approves 2.25cr warrants preferential issue at Rs 24.16

Fund Raising View source PDF Explain this filing

UMAEXPORTS · price

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

+1.1%Reaction day

₹23.15

prior close

₹23.61

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.8% vs market

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250, 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

-1.3

10m

-2.6

15m

-2.6

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.1+0.3+0.8

Next day

+5.2+0.5+4.7

+10.4+0.1+10.3

+15.6+0.7+14.9

+12.3+0.4+11.9

+14.5+0.7+13.7

+10.2+0.1+10.1

15d

-6.3+1.5-7.8

-15.2+0.3-15.5

-16.8-6.2-10.6

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Board approved issuing 2,25,00,000 warrants on preferential basis at Rs 24.16 per share, aggregating about Rs 54.36 crore. Allottees include promoter group members and 27 non-promoter individuals and HUFs. Company also approved increasing authorized share capital from Rs 40 crore to Rs 57 crore. 38th AGM scheduled for September 18, 2026, with book closure from September 12 to 18.

Likely market impact

Dilutive: 2.25cr warrants if fully exercised will nearly double equity base, materially diluting existing shareholders.