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Beryl Securities Shareholders Approve Preferential Equity Issue at 32nd AGM
Beryl Securities Limited concluded its 32nd Annual General Meeting on August 25, 2026, with 19 members in attendance. Key resolutions passed include the adoption of FY26 audited financial statements and the re-appointment of retiring director Mr. Anshul Gupta. Crucially, shareholders approved a special resolution to issue and allot equity shares on a preferential basis to promoter and non-promoter categories. Scrutinizer voting results will be formally released within 48 hours.
Confidence: HIGH
What changedShareholders formally approved the enabling resolution for a preferential issue of equity shares alongside routine AGM business.
Why it mattersA preferential equity raise could provide crucial growth capital for the micro-cap NBFC (net worth Rs 10 Cr, TTM revenue Rs 5 Cr) to scale its balance sheet, subject to dilution terms.
Total members (cut-off 18.08.2026): 3,149AGM attendees: 19AGM duration: 14 minutesMarket capitalization context: ₹15 Cr
📅 Short termScrutinizer voting report submission within 48 hours; share price reaction will largely depend on eventual pricing and size of the preferential issue.
📈 Long termIf successfully executed at reasonable valuations, fresh equity infusion can expand the lending book for the NBFC.
⚠ Risk flags
- Dilution risk for existing shareholders depending on preferential allotment pricing and quantum
- Specific terms, pricing, and allottee names not disclosed in the AGM proceedings filing
Key Highlights
Shareholders approved a special resolution for preferential issuance of equity shares to promoter and non-promoter categories
Adoption of FY26 audited annual financial statements passed via ordinary resolution
19 members attended the virtual meeting out of 3,149 total members as of the August 18, 2026 cut-off date
Meeting commenced at 02:00 PM and concluded at 02:14 PM IST
👀 What to Watch
Monitor upcoming exchange filings for specific details regarding the preferential issue, including issue price, total capital raised, and dilution impact relative to the current Rs 15 Cr market cap.
Beryl Securities Approves Rs 2.98 Cr Preferential Equity Issue at Rs 23/Share
Shareholders of Beryl Securities Limited have approved a preferential issue of up to 12,95,635 equity shares at an issue price of Rs 23 per share (face value Rs 10 plus premium of Rs 13). The total fundraise amounts to up to Rs 2.98 Cr (Rs 2,97,99,605), representing ~19.9% of the company's current market capitalization of Rs 15 Cr. The proceeds are earmarked to augment the NBFC's capital base for onward lending to MSMEs and self-employed borrowers, alongside general corporate purposes. The issue price of Rs 23 is at a discount to the current trading price of Rs 30.6.
Confidence: HIGH
What changedShareholders have formally approved a Rs 2.98 Cr preferential issue of up to 12.96 lakh shares at Rs 23 per share at the AGM held on 25 August 2026.
Why it mattersFor a small NBFC with a Rs 10 Cr net worth and Rs 15 Cr market cap, an infusion of ~Rs 2.98 Cr expands its capital base by nearly 30%, providing headroom for loan book growth.
Total Issue Size: Rs 2,97,99,605Issue Price per Share: Rs 23Shares to be Issued: 12,95,635Fundraise vs Market Cap: ~19.9%Fundraise vs Net Worth: ~29.8%
📅 Short termApproval paves the way for regulatory filings and board allotment, though the issue price of Rs 23 implies dilution below the prevailing market price of Rs 30.6.
📈 Long termExpands the lending capacity in MSME and retail financing, potentially supporting higher interest income over coming fiscal years if deployed prudently.
⚠ Risk flags
- Equity dilution at an issue price (~Rs 23) below current market levels (~Rs 30.6)
- Execution and asset quality risk in onward lending to MSME/unsecured borrowers
Key Highlights
Shareholders approved the issuance of up to 12,95,635 equity shares on a preferential basis
Total issue size is up to Rs 2.98 Cr (Rs 2,97,99,605) at Rs 23 per share
Issue price includes face value of Rs 10 and a premium of Rs 13 per share
Proceeds will be utilized to augment lending capital for MSMEs and meet working capital needs
👀 What to Watch
Track the formal board allotment announcement, receipt of listing approvals from BSE, and subsequent quarterly loan book expansion.
Rs 0.38 Cr Net Profit: Beryl Securities Reports 159% YoY Profit Growth in Q1 FY27
Beryl Securities reported a strong performance for the quarter ended June 30, 2026, with total revenue reaching Rs 1.80 Cr, a 122% increase from Rs 0.81 Cr in the same quarter last year. Net profit surged 159% YoY to Rs 37.68 Lakhs, up from Rs 14.55 Lakhs. Sequentially, revenue grew 14.6% from the March 2026 quarter, while net profit more than doubled from Rs 16.12 Lakhs. The company's EPS improved significantly to Rs 0.78 from Rs 0.30 YoY, reflecting improved operational efficiency in its NBFC business.
Confidence: HIGH
What changedThe company has transitioned from a low-growth phase to a high-growth trajectory, with Q1 FY27 revenue and profit showing substantial jumps both YoY and QoQ.
Why it mattersFor a micro-cap NBFC with a market capitalization of only Rs 18 Cr, achieving a quarterly profit of nearly Rs 0.38 Cr is significant as it suggests a potential re-rating if the annualized PAT reaches ~Rs 1.5 Cr (which would imply a P/E of ~12x vs the current TTM P/E of 55x).
Q1 FY27 Revenue: Rs 1.80 CrQ1 FY27 Net Profit: Rs 37.68 LakhsYoY Revenue Growth: 122%Q1 Revenue vs FY26 Total Revenue: 42%EPS (Basic): Rs 0.78
📅 Short termThe stock is likely to react positively to the sharp jump in profitability and the significant expansion in margins compared to the previous year.
📈 Long termIf the company sustains this level of quarterly income, it marks a structural shift in its business scale compared to its historical performance of Rs 1.87 Cr annual revenue in FY25.
⚠ Risk flags
- Micro-cap liquidity risk
- High employee costs relative to total expenses
- Concentration in a single operating segment (NBFC)
Key Highlights
Total Revenue for Q1 FY27 stood at Rs 1.80 Cr, representing approximately 42% of the total revenue earned in the entire previous financial year (FY26).
Net Profit increased by 159% YoY to Rs 37.68 Lakhs compared to Rs 14.55 Lakhs in June 2025.
Earnings Per Share (EPS) rose to Rs 0.78 for the quarter, compared to Rs 0.33 in the preceding quarter and Rs 0.30 YoY.
Finance costs were contained at Rs 39.91 Lakhs, a slight decrease from Rs 42.16 Lakhs in the preceding March quarter despite higher revenue.
Employee benefit expenses remained stable at Rs 58.75 Lakhs compared to Rs 57.43 Lakhs in the previous quarter.
👀 What to Watch
Investors should monitor if the company can maintain this quarterly revenue run rate of ~Rs 1.8 Cr, which is significantly higher than its historical average, and watch for any changes in asset quality or impairment trends.
Rs 2.98 Cr Preferential Issue: Beryl Securities Issues Corrigendum to AGM Notice
Beryl Securities has issued a corrigendum to its 32nd AGM notice to rectify clerical errors in the pre-preferential shareholding percentages of 12 allottees. The company is proposing a preferential issue of 1,295,635 equity shares at Rs 23 per share, totaling approximately Rs 2.98 crore. This fundraise is significant for the micro-cap company, representing roughly 17.5% of its Rs 17 crore market capitalization and 74.5% of its TTM revenue. Post-allotment, the promoter holding is expected to dilute from 60.59% to 57.01%.
Confidence: HIGH
What changedThe company corrected significant clerical errors in the disclosure of pre-issue shareholding percentages for 12 proposed allottees in its preferential issue documentation.
Why it mattersAccurate disclosure is a regulatory mandate under SEBI ICDR; the underlying fundraise provides substantial capital (relative to current revenue) for this micro-cap NBFC to potentially expand its operations.
Issue Price: Rs 23 per shareTotal Issue Size: Rs 2.98 CrIssue vs Market Cap: ~17.5%Issue vs TTM Revenue: ~74.5%Post-issue Equity Base: 6,145,335 shares
📅 Short termThe corrigendum is administrative and unlikely to move the stock significantly, but the upcoming AGM and fundraise are the primary catalysts for the next few weeks.
📈 Long termThe capital infusion could support the expansion of the NBFC's lending book, though investors must weigh this against the ~21% equity dilution resulting from the new shares.
⚠ Risk flags
- Significant clerical errors in initial regulatory filings
- Equity dilution for existing shareholders
- Micro-cap liquidity and high P/E ratio (54.5)
Key Highlights
Preferential issue of 1,295,635 equity shares at a price of Rs 23 per share (including Rs 13 premium).
Total fundraise amount quantified at Rs 2,97,99,605 (~Rs 2.98 Cr).
Promoter group holding to decrease from 60.59% to 57.01% post-allotment.
Corrected pre-issue holdings for key individuals, including Vineet Bajpai (corrected from 2.95% to 29.48%) and Agam Gupta (1.51% to 15.15%).
AGM scheduled for August 25, 2026, to seek shareholder approval for the special resolution.
👀 What to Watch
Monitor the voting results of the AGM on August 25, 2026, and watch for subsequent regulatory approvals and the specific deployment plan for the raised capital.
Rs 2.98 Cr Fundraise: Beryl Securities Issues Corrigendum to AGM Notice for Preferential Issue
Beryl Securities has issued a corrigendum to its 32nd AGM notice to correct significant clerical errors regarding the pre-preferential shareholding of 12 allottees. The company is seeking approval to raise approximately Rs 2.98 crore through the issuance of 1,295,635 equity shares at Rs 23 per share. This fundraise is substantial for the company, representing roughly 75% of its TTM revenue of Rs 4 crore and 17.5% of its current market capitalization. The AGM is scheduled for August 25, 2026, to vote on this special resolution.
Confidence: HIGH
What changedThe company corrected major clerical errors in the disclosure of existing shareholdings for participants in its upcoming preferential issue.
Why it mattersThe fundraise provides critical capital for a small-cap NBFC, though the significant errors in the original notice highlight potential administrative weaknesses.
Total Fundraise: Rs 2.98 CrIssue Price per Share: Rs 23Fundraise vs TTM Revenue: ~74.5%Fundraise vs Market Cap: ~17.5%AGM Date: 25th August, 2026
📅 Short termThe stock may see activity as the market processes the capital infusion and the associated equity dilution.
📈 Long termIf successfully deployed, the capital could help the company scale its lending book, though its current low profitability remains a structural concern.
⚠ Risk flags
- Equity dilution for existing retail shareholders
- Administrative oversight evidenced by significant clerical errors in formal regulatory notices
Key Highlights
Proposed issuance of 1,295,635 equity shares at a price of Rs 23 per share (including Rs 13 premium).
Total fundraise amount fixed at Rs 2,97,99,605 to support NBFC operations.
Corrected pre-preferential holding for Managing Director Vineet Bajpai from a reported 2.95% to 29.48%.
Total equity shares to increase from 4,849,700 to 6,145,335 post-allotment.
Promoter and Promoter Group holding expected to be 57.01% post-issue compared to 60.59% pre-issue.
👀 What to Watch
Investors should monitor the outcome of the AGM on August 25, 2026, and watch for the subsequent allotment and trading approval for the new shares.
Rs 2.98 Cr Preferential Issue Proposed; Promoter Stake to Dilute to 57.01%
Beryl Securities has issued a notice for its 32nd AGM scheduled for August 25, 2026, to seek approval for a preferential issue of 1,295,635 equity shares. The issue is priced at Rs 23 per share, aiming to raise approximately Rs 2.98 crore from both promoters and public investors. This capital infusion is significant for the company, representing nearly 30% of its current net worth (Rs 10 Cr) and 74.5% of its TTM revenue (Rs 4 Cr). Post-allotment, the promoter holding will decrease from 60.59% to 57.01%.
Confidence: HIGH
What changedThe company is initiating a significant equity fundraise involving both promoters and public participants, which will expand its share capital from 4,849,700 to 6,145,335 shares.
Why it mattersFor a micro-cap NBFC, a capital infusion equal to 30% of its net worth provides essential liquidity to expand its lending book or investment activities, potentially addressing the stagnant profitability seen in recent quarters.
Total Fundraise Value: Rs 2.98 CrIssue Price per Share: Rs 23Fundraise vs Net Worth: ~29.8%Fundraise vs TTM Revenue: ~74.5%Post-Issue Promoter Holding: 57.01%AGM Date: 25th August 2026
📅 Short termThe stock may experience volatility as the market adjusts to the preferential issue price of Rs 23, which is lower than the current market price of Rs 33.4.
📈 Long termThe infusion of capital is structurally positive for an NBFC's growth, provided the management can deploy the funds into higher-yielding assets to improve the current low EPS of Rs 0.66.
⚠ Risk flags
- Equity dilution for existing shareholders
- Issue price is at a significant discount to current market price
- Small absolute scale of operations
Key Highlights
Preferential allotment of 1,295,635 equity shares at a price of Rs 23 per share (including Rs 13 premium).
Total fundraise amount of Rs 2,97,99,605, which is approximately 18.6% of the current market capitalization.
Promoter group shareholding to shift from 60.59% to 57.01% following the issuance.
Relevant date for pricing determined as July 24, 2026, in accordance with SEBI ICDR regulations.
The issue price of Rs 23 represents a ~31% discount to the current market price of Rs 33.4.
👀 What to Watch
Monitor the voting results of the AGM on August 25, 2026, and the subsequent timeline for allotment and listing of new shares. Investors should track how the company deploys this capital to improve its TTM PAT, which currently stands at nearly zero.
Rs 2.98 Cr Preferential Issue Approved at Rs 23 Per Share
Beryl Securities has approved a preferential issue of 1,295,635 equity shares to raise approximately Rs 2.98 crore. The issue price is fixed at Rs 23 per share, which represents a significant discount to the current market price of Rs 34.9. The allotment includes both promoters and public investors, with the total fundraise representing nearly 30% of the company's current net worth of Rs 10 Cr. Shareholders will vote on this proposal at the upcoming Annual General Meeting on August 25, 2026.
Confidence: HIGH
What changedThe company is initiating a fresh equity fundraise through a preferential allotment to a mix of 10 promoter-group individuals and 30 public investors.
Why it mattersFor a micro-cap NBFC with a net worth of only Rs 10 Cr and near-zero TTM profits, a Rs 3 Cr capital injection is structurally significant as it expands the capital base by 30%, potentially enabling higher lending volumes.
Total Fundraise: Rs 2.98 CrIssue Price: Rs 23Fundraise vs Net Worth: ~30%Fundraise vs Market Cap: ~17.5%Discount to Market Price: ~34%
📅 Short termThe stock may face pressure due to the significant discount of the issue price (Rs 23) compared to the current market price (Rs 34.9) and the resulting equity dilution.
📈 Long termThe capital infusion could improve the company's ability to scale its NBFC operations, provided the management can deploy the funds into high-yielding assets to improve the currently low EPS.
⚠ Risk flags
- Significant equity dilution of approximately 21%
- Issue price is at a steep discount to the current market price
- Small scale of operations with TTM revenue of only Rs 4 Cr
Key Highlights
Issuance of 1,295,635 equity shares at a fixed price of Rs 23 per share
Total capital infusion of Rs 2,97,99,605 (approx. Rs 2.98 Cr)
Fundraise magnitude is approximately 17.5% of the current market capitalization of Rs 17 Cr
Issue price includes a premium of Rs 13 per share over the face value of Rs 10
Relevant date for price calculation set as July 24, 2026
👀 What to Watch
Investors should monitor the voting results of the AGM on August 25, 2026, and track the subsequent allotment of shares to see the final impact on promoter holding and equity dilution.
Rs 2.98 Cr Preferential Issue Approved at Rs 23 per Share
Beryl Securities has approved a preferential issue of 1,295,635 equity shares to raise approximately Rs 2.98 crore. The issue price is fixed at Rs 23 per share, which represents a significant discount to the current market price of Rs 34.9. The allotment is proposed to a mix of 10 promoter-group individuals and 30 public investors. This capital infusion represents approximately 17.5% of the company's current market capitalization and nearly 30% of its net worth.
Confidence: HIGH
What changedThe company has formalized a plan to raise capital through a preferential allotment to both promoters and public investors, setting the price and identifying allottees.
Why it mattersFor a micro-cap NBFC with a net worth of only Rs 10 Cr, a Rs 2.98 Cr infusion is material (30% of net worth) and provides necessary liquidity for business expansion, though it results in equity dilution.
Total Fundraise: Rs 2.98 CrIssue Price: Rs 23Fundraise vs Market Cap: 17.5%Fundraise vs Net Worth: 29.8%Current Market Price: Rs 34.9
📅 Short termThe market may react to the issue price being significantly lower (~34% discount) than the current market price, which could lead to price adjustment in the short term.
📈 Long termIf the capital is deployed effectively into high-yield lending, it could improve the TTM PAT which is currently near zero; however, the dilution is substantial.
⚠ Risk flags
- Equity dilution for existing shareholders
- Issue price is at a significant discount to current market price
- Small-cap liquidity and high P/E ratio (52.9)
Key Highlights
Issuance of 1,295,635 equity shares at a price of Rs 23 per share (including Rs 13 premium)
Total fundraise amount aggregates to Rs 2,97,99,605 (approx. Rs 2.98 Cr)
Relevant date for pricing calculation set as July 24, 2026
Proposed allottees include 10 promoters and 30 public category investors
Shareholder approval to be sought at the 32nd AGM scheduled for August 25, 2026
👀 What to Watch
Investors should monitor the voting results of the AGM on August 25, 2026, and watch for the specific utilization plan of these funds to see if it drives growth in the NBFC's loan book.
Board Meeting on July 28 to consider preferential equity issuance to Promoters and Public
Beryl Securities, a micro-cap NBFC with a market capitalization of Rs 17 Cr, has scheduled a board meeting for July 28, 2026, to consider a preferential issue of equity shares. The issuance is proposed for both Promoters (current holding 60.59%) and Non-Promoters/Public category shareholders. With TTM revenue at just Rs 4 Cr and a net worth of Rs 10 Cr, the scale of this fundraise could be highly material to the company's capital structure. Specific details regarding the number of shares and the issue price are yet to be disclosed.
Confidence: HIGH
What changedThe company is initiating a formal process to raise fresh equity capital through a preferential allotment.
Why it mattersFor a micro-cap NBFC, a capital infusion is critical for expanding its lending book or improving its debt-to-equity ratio, though it will result in equity dilution for existing shareholders.
Board Meeting Date: 28/07/2026Market Cap: Rs 17 CrTTM Revenue: Rs 4 CrNet Worth: Rs 10 CrPromoter Holding: 60.59%
📅 Short termThe stock may experience volatility as the market anticipates the pricing and size of the preferential issue.
📈 Long termIf the capital is successfully deployed into interest-earning assets, it could improve the company's stagnant PAT (Rs 0 Cr TTM), but long-term value depends on the ROE generated on the new capital.
⚠ Risk flags
- Equity dilution
- Micro-cap liquidity risk
- Pricing terms not yet disclosed
Key Highlights
Board meeting scheduled for July 28, 2026, at 02:00 P.M. to approve equity issuance
Preferential basis issuance targeting both Promoters and Public category shareholders
Company currently has a small market cap of Rs 17 Cr and TTM revenue of Rs 4 Cr
Promoter holding has remained steady at 60.59% as of June 2026
Net worth stands at Rs 10 Cr, making any significant fundraise highly dilutive or transformative
👀 What to Watch
Investors should monitor the post-meeting disclosure on July 28 for the total fundraise amount, the issue price per share, and the specific identity of the non-promoter subscribers.
Beryl Sec u r i t i e s A p p r o v e s F u n d R a i s i n g v i a P p r e f e r e n t i a l I s s u e
Beryl Sec u r i t i e s h a s a p p r o v e d a p r o p o s a l t o r a i s e f u n d s t h r o u g h a p r e f e r e n t i a l i s s u e o f s e c u r i t i e s a s o f J u l y 2 0, 2 0 2 6. T h e s p e c i f i c s i z e, p r i c i n g, a n d i n v es t o r i d e n t i t i e s a r e y e t t o b e d e t e r m i n e d a n d w i l l r e q u i r e s h a r e h o l d e r a p p r o v a l. G i v e n t h e c o m p a n y's m i c r o-c a p s t a t u s w i t h a m a r k e t c a p o f R s 1 7 C r a n d T T M r e v e n u e o f R s 4 C r, t h e m a g n i t u d e o f t h i s f u n d r a i s e c o u l d b e h i g h l y m a t e r i a l t o i t s n e t w o r t h o f R s 1 0 C r. T h e b o a r d a l s o a p p r o v e d s h i f t i n g t h e r e g i s t e r e d o f f i c e w i t h i n I n d o r e.
Confidence: M E D I U M
What changedT h e c o m p a n y h a s i n i t i a t e d a p r o c e s s t o i n f u s e n e w c a p i t a l a n d h a s r e l o c a t e d i t s r e g i s t e r e d o f f i c e.
Why it mattersF o r a s m a l l N B F C w i t h a R s 1 7 C r m a r k e t c a p, a p r e f e r e n t i a l i s s u e i s a s i g n i f i c a n t e v e n t t h a t c a n p r o v i d e g r o w t h c a p i t a l b u t m a y r e s u l t i n s u b s t a n t i a l s h a r e h o l d e r d i l u t i o n.
M a r k e t C a p: R s 1 7 C rN e t W o r t h: R s 1 0 C rT T M R e v e n u e: R s 4 C rI s s u e S i z e: n o t d i s c l o s e d
📅 Short termT h e s t o c k m a y e x p e r i e n c e v o l a t i l i t y a s t h e m a r k e t a n t i c i p a t e s t h e t e r m s o f t h e f u n d r a i s e.
📈 Long termT h e s t r u c t u r a l i m p a c t d e p e n d s o n w h e t h e r t h e n e w c a p i t a l i s d e p l o y e d i n t o h i g h-y i e l d l e n d i n g a s s e t s t o i m p r o v e t h e c u r r e n t l y l o w p r o f i t a b i l i t y.
⚠ Risk flags
- E q u i t y d i l u t i o n r i s k
- U n k n o w n i s s u e p r i c i n g
- S m a l l s c a l e o f o p e r a t i o n s
Key Highlights
B o a r d a p p r o v e d f u n d r a i s i n g v i a p r e f e r e n t i a l i s s u e o n J u l y 2 0, 2 0 2 6
R e g i s t e r e d o f f i c e s h i f t e d f r o m K a n c h a n B a g h t o B i c h o l i, I n d o r e e f f e c t i v e i m m e d i a t e l y
C o m p a n y r e p o r t e d T T M r e v e n u e o f R s 4 C r a n d n e t w o r t h o f R s 1 0 C r
P r o m o t e r h o l d i n g r e m a i n s s t a b l e a t 6 0.5 9 % a s o f J u n e 2 0 2 6
👀 What to Watch
M o n i t o r f u t u r e d i s c l o s u r e s r e g a r d i n g t h e i s s u e p r i c e a n d t o t a l f u n d s t o b e r a i s e d t o a s s e s s e q u i t y d i l u t i o n. I n v es t o r s s h o u l d a l s o w a t c h f o r t h e i d e n t i t y o f n e w i n v es t o r s a n d t h e i n t e n d e d u s e o f p r o c e e d s f o r b u s i n e s s e x p a n s i o n.
Beryl Securities to Consider Preferential Fundraise on July 20, 2026
Beryl Securities has scheduled a board meeting for July 20, 2026, to consider raising funds through a preferential issue of equity shares or other eligible securities. The issuance is intended for both Promoters and Non-Promoters/Public category investors. Additionally, the company plans to shift its registered office within Indore. While the specific quantum of the fundraise is not yet disclosed, this move indicates a potential capital infusion to support the NBFC's operations.
Confidence: HIGH
What changedThe company is initiating a formal process to raise capital and is relocating its registered office within its home city.
Why it mattersFor an NBFC, capital infusion is a critical driver for expanding the loan book and improving capital adequacy ratios, which can impact long-term profitability.
Board Meeting Date: 20/07/2026Current Price: Rs 35.912-Month Price Return: 28.2%Fundraise Amount: not disclosed
📅 Short termThe stock may experience volatility leading up to and following the July 20 meeting as investors react to the terms of the preferential issue.
📈 Long termA successful fundraise could provide the necessary liquidity for business growth, though the impact depends on the efficiency of capital deployment and the extent of equity dilution.
⚠ Risk flags
- Equity dilution for existing shareholders
- Regulatory approvals for preferential allotment
- Execution risk in deploying new capital
Key Highlights
Board meeting scheduled for July 20, 2026, at 02:00 P.M. to approve fund raising.
Fundraising to be conducted via preferential basis to both Promoters and Public investors.
Registered office to be shifted from Kanchan Bagh to Neer Nagar, Indore.
Stock has delivered a 28.2% price return over the last 12 months as of July 2026.
Current stock price is Rs 35.9 per share.
👀 What to Watch
Monitor the outcome of the July 20 board meeting for specific details on the fundraise size, issue price, and the identity of the investors to assess potential equity dilution.