Board approves Rights Issue worth up to Rs 70 crore at 1:1 ratio

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

+0.9%Reaction day

₹122.90

prior close

₹122.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.2% vs market

On the reaction day the stock moved 1.2 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

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15m

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30m

+2.4

Sessions after the filingfrom the prior close

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Reaction day

+0.9-0.3+1.2

Next day

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15d

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AI summary

Board approved a Rights Issue of up to 86,60,000 equity shares at Rs 80 each (face value Rs 10), including Rs 70 premium. Total issue size up to Rs 69.28 crore. Rights ratio set at 1:1 for eligible shareholders. Record date to be notified later. A Rights Issue Committee will finalize price, timing, and terms.

Likely market impact

Eligible shareholders can subscribe at Rs 80 per share in 1:1 ratio. May lead to share dilution. Record date and final terms pending.