Board approves preferential issue of 10.58 lakh warrants at Rs 567

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

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₹340.70

prior close

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announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.3%+0.6% vs market

IT Enabled Services peers, median of 70sector+0.6%+1.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.2 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The Board approved up to 10,58,201 warrants at Rs 567 each, raising up to Rs 59.99 crore. Each warrant can convert into one equity share of Rs 1 face value. Proceeds are from promoter entity RAN Ventures and non-promoter investor Bennett Coleman. Shareholders will vote on the issue on October 31, 2025.

Likely market impact

The issue could dilute existing shareholders after warrant conversion, while adding capital. It remains subject to shareholder and regulatory approvals.