Announced Wed, 29 Jul · 19:24 IST

Warrant Conversion: 21.47 Lakh Equity Shares Allotted to 8 Non-Promoters

Warrants ConvertedFund Raising View source PDFExplain this filing

Price

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Price reaction · full curve 14 horizons · vs prior close
-7.2%1-day move
₹17.61
prior close
₹20.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.0-5.0-5.0-16.5-7.2-3.6-4.4+0.5-3.4+0.5-3.5-10.1
Up moveDown movePending
AI summary

8 non-promoter warrant holders converted their warrants into 21,47,665 equity shares at Rs. 20 each (face value Rs. 10, premium Rs. 10). The company received about Rs. 3.22 crore as the balance 75 percent exercise price. Paid-up equity capital rises to Rs. 13.73 crore with 1.37 crore total shares. Of 1 crore warrants originally issued in March 2025, about 15.33 lakh warrants are still pending conversion. All allottees are non-promoters with no marquee or institutional names listed.

Likely market impact

Share count rises, mildly diluting existing holders. Another 15.33 lakh warrants outstanding may cause further dilution if later converted.