Warrants converted into 26,66,203 equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

WINDMACHIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹294.15

prior close

₹296.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.6% vs market

Industrial Products peers, median of 113sector-0.5%+0.8% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 pts more than its Industrial Products 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

-0.3

10m

-0.2

15m

-0.2

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3-0.3+0.6-0.5+0.8

Next day

+0.7-0.1+0.8-0.4+1.1

+0.3+0.6-0.3-0.9+1.2

+4.8+0.1+4.7-1.2+6.0

+1.0-1.1+2.1-2.1+3.2

+1.0-0.1+1.1-1.7+2.8

+1.3-0.1+1.4-2.0+3.3

15d

-4.8+2.1-6.8-1.1-3.6

+1.9+0.3+1.6-3.6+5.5

-9.5-6.3-3.3-11.9+2.4

-10.6-4.7-5.9-12.5+1.9

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 113Pending

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

AI summary

The board allotted 26,66,203 equity shares at ₹191.85 each upon conversion of equal warrants by promoter-group holder Rameshbhai Siyani. He paid ₹37.50 crore as the balance 75 percent. Paid-up shares rose from 8,44,78,318 to 8,70,84,521, while 1,56,37,216 warrants remain eligible for conversion.

Likely market impact

The share count rises about 3.15 percent, while the company receives ₹37.50 crore. Remaining warrants could cause further dilution.