Board approves Rs 1,000 crore preferential warrant issue

Fund Raising View source PDF Explain this filing

WELENT · price

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

+7.1%Reaction day

₹526.80

prior close

₹568.35

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+6.1% vs market

Civil Construction peers, median of 97sector+0.5%+6.6% vs sector

On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 6.6 pts more 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

+0.0

10m

+0.1

15m

+0.3

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.1+1.0+6.1+0.5+6.6

Next day

+4.1+1.5+2.6+0.4+3.8

+3.4+1.0+2.4-0.3+3.7

+4.4+2.0+2.4-0.2+4.6

+4.9+3.1+1.8+1.1+3.7

+3.0+2.6+0.4+0.8+2.2

+6.3+2.7+3.6+0.5+5.8

15d

+4.4+1.8+2.6-1.8+6.2

+5.4+2.5+2.9-2.6+8.0

-3.4-2.9-0.5-8.7+5.3

-14.2-6.3-8.0-11.8-2.4

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

The board approved up to 1,90,47,619 warrants at Rs 525 each, raising up to Rs 1,000 crore. Each warrant converts into one equity share of Rs 10 face value within 18 months. The issue includes the promoter's trustee and 12 non-promoter investors. Shareholders will vote on November 7, 2025, and regulatory approvals are pending.

Likely market impact

Existing shareholders' ownership percentage may fall if the warrants are converted. The company may receive funds, but the full amount depends on conversion and approvals.