Announced Sat, 24 Oct, 2026 · 18:11 IST
Shareholders approve up to 4.64 crore new shares for loan conversion
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
Fresh e-voting for the EGM approved the proposal with 280,600 votes in favour and none against, equal to 100 percent of votes polled and 72.02 percent of outstanding shares. The company may issue up to 4,64,45,183 shares at Rs 10.07 each, revised from Rs 10, to non-promoter allottees to convert outstanding unsecured loans of about Rs 46.77 crore.
Likely market impact
Potential dilution for existing shareholders as debt is converted into equity, with no new cash raised.