Fundraise / allotmentNotable· Adverse for the businessFiled on BSE ·

D & H India withdraws 21,57,000 warrant issue over share price rise and approval delay

D & H India

Arthneeti Research DeskPublished 1 min read

Key highlights

  • Board approved withdrawal of the preferential issue of up to 21,57,000 warrants, aggregating Rs.3257.07 Lakhs.
  • Withdrawal cited a substantial increase in the company's share price and abnormal delay in obtaining BSE in-principle approval.
  • Funding will come from internal accruals and borrowings from banks and financial institutions, as recommended by the Audit Committee from time to time.

Why it's rated notable: the amount is 18% of market value (10% to 20% for adverse news)

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Board Meeting Outcome for Outcome Of Board Meeting

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.