Board fixes Rs 24.16 per warrant for 2.25 crore preferential issue

Fund Raising View source PDF Explain this filing

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AI summary

The board set August 27, 2026 as the revised relevant date for a proposed preferential issue of 2.25 crore warrants, each convertible into one equity share. It approved a revised valuation price of Rs 24.01 per warrant and an issue price of Rs 24.16. Shareholder approval is planned at the AGM on September 26, 2026.

Likely market impact

If approved, the issue can raise funds but may dilute existing shareholders when the warrants are converted into shares.