Warrant Conversion: 37.5L Shares Allotted to Promoter Group

Warrants convertedFund Raising View source PDF Explain this filing

VARDMNPOLY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-3.1%Reaction day

₹5.85

prior close

₹5.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-4.7% vs market

Other Textile Products peers, median of 182sector+0.2%-3.2% vs sector

On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 3.2 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

-2.5

10m

-0.5

15m

-0.7

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1+1.6-4.7+0.2-3.2

Next day

-1.2+1.5-2.7+0.4-1.6

-0.9+1.9-2.7+0.1-1.0

+1.5+3.2-1.7+0.9+0.6

-0.2+1.7-1.8+0.5-0.7

+1.0+2.0-0.9+0.6+0.4

-1.0+1.4-2.4-0.7-0.3

15d

-12.5-0.8-11.7-2.1-10.3

-9.7-2.5-7.2-2.3-7.4

—————

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

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

AI summary

Board approved allotment of 37,50,000 equity shares at Rs.12.55 each (total Rs.3.53 crore) to Oswal Holding Pvt Ltd upon conversion of 37,50,000 warrants issued on preferential basis to promoter group in March 2025. With this conversion, all warrants have been exercised and pending warrants stand at NIL. Paid-up equity capital rises to Rs.50.84 crore comprising 50,84,19,004 shares of Re.1 each.

Likely market impact

Dilution from this warrant tranche is complete. Promoter group stake rises, and no further dilution from these warrants is pending.