Announced Mon, 31 Aug, 2026 · 22:47 IST
Issue of up to 1.25 crore convertible warrants on preferential basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved issue of up to 1.25 crore fully convertible warrants at Rs 10 each, totalling up to Rs 12.50 crore, via preferential private placement to 18 allottees. Promoters Yatin Gupte and Sheetal Bhalerao to receive 52 lakh and 18 lakh warrants, raising promoter stake to 41.51% post-conversion. Warrants convertible within 18 months. Proceeds for group expansion, working capital, and general purposes.
Likely market impact
Promoter stake rises to 41.51% after conversion. Dilution risk for existing shareholders. Fund raise of up to Rs 12.50 crore for expansion.