Preferential allotment of 2 million shares and 2.25 million warrants

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

-0.8%Reaction day

₹82.18

prior close

₹83.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.6% vs market

Civil Construction peers, median of 96sector-0.2%-0.6% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.6 pts less than its Civil Construction 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

-1.1

10m

-1.0

15m

-1.1

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.2-0.6-0.2-0.6

Next day

-2.4-0.5-1.9-0.8-1.6

-1.4+0.5-2.0-0.5-1.0

-0.3-0.2-0.1-1.0+0.7

-1.7-1.9+0.3-2.2+0.6

-3.1-1.5-1.5-2.2-0.8

-2.9-2.2-0.7-3.7+0.8

15d

-4.4-3.6-0.7-6.2+1.9

-7.2-3.5-3.6-6.7-0.4

+8.3-7.0+15.3-9.4+17.7

-5.1-11.1+6.0-18.6+13.5

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

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

AI summary

On 29 October 2025, the board allotted 2 million shares at Rs 100 each, with a Rs 90 premium, to two non-promoter investors for Rs 20 crore. It also allotted 2.25 million convertible warrants at Rs 100 each to nine promoter and non-promoter investors for Rs 225 crore; 25 percent was paid upfront and the balance is due on conversion within 18 months. Two foreign portfolio investors did not subscribe, so their offers lapsed.

Likely market impact

The issue brings potential dilution from 2 million new shares and 2.25 million warrant conversions, with up to Rs 245 crore of funding.