Board approves Rs 15 cr promoter preferential issue, posts Q2 loss

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

-3.1%Reaction day

₹98.02

prior close

₹97.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-3.0% vs market

Garments & Apparels peers, median of 37sector-0.5%-2.6% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.6 pts less than its Garments & Apparels 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

+1.5

10m

-0.2

15m

-0.2

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1-0.1-3.0-0.5-2.6

Next day

-2.5-0.2-2.3-0.6-1.9

-3.0+0.4-3.4-0.8-2.2

-3.1-0.4-2.7-1.1-2.0

-2.9-0.6-2.4-0.1-2.9

-5.1-0.9-4.2-0.5-4.7

-9.6-3.0-6.6-2.9-6.7

15d

-10.0-3.9-6.1-4.6-5.3

-11.4-4.8-6.6-5.5-6.0

-15.2-7.8-7.4-15.0-0.1

-13.9-7.2-6.7-10.6-3.3

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

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

AI summary

Board cleared Q2 FY26 results (standalone loss of about Rs 10.92 cr on revenue Rs 36.34 cr). Also approved a preferential equity issue of up to Rs 15 crores to 7 promoter group members; price to be fixed on 4 December per SEBI pricing formula. Re-appointed S.Y. Noorani as Managing Director for 3 years from March 2026 and amended Articles to let MD also be Chairman. All key items need shareholder approval via postal ballot.

Likely market impact

Promoters putting in money signals confidence but Q2 losses widened; small dilution for existing shareholders expected once price is fixed.