Market Performance
Despite a tepid sentiment in the Indian stock market on Friday, Vishal Fabrics' share price saw a mild uptick. The small-cap stock, trading below ₹50, showed resilience as benchmark indices, such as the Sensex, dipped by nearly 0.25% in early trade.
- Opening Price: ₹30.00
- Previous Close: ₹30.04
- Intraday High: ₹30.50
- Day's Gain: Approx. 1.5%
Main News
The uptick in Vishal Fabrics' share price follows a key corporate announcement. On May 29, 2025, the company's Fundraising Committee approved a significant warrant conversion into equity shares. This decision was communicated after market hours and appears to have positively influenced investor sentiment.
Key Highlights of the Board Decision:
- Warrants Converted: 69,32,824
- Conversion Basis: Each warrant is converted into one equity share
- Face Value of Shares: Rs 5 each
This move is part of a broader fundraising initiative that the company announced earlier.
Company Details
According to the regulatory filing, these warrants were issued initially under a preferential allotment to Elysian Wealth Fund (formerly Silver Stallion Limited), which is categorized as a non-promoter and public shareholder.
- Total Warrants Applied: 1,50,00,000
- Warrant Issue Price: ₹30.60
- Initial Payment per Warrant (25%): ₹7.65
- Balance Payment per Warrant (75%): ₹22.95
- Total Amount Raised Through This Tranche: ₹15.91 Crore
These funds are raised as part of the allottee's exercise of rights to convert warrants into equity shares within the stipulated 18-month window from allotment.
Summary of the Article
To sum up, Vishal Fabrics' share price witnessed a modest rise in an otherwise weak market scenario, backed by developments in its fundraising initiative. The company has successfully converted over 69 lakh warrants into equity shares, raising approximately ₹15 Crore in capital. This corporate action has seemingly strengthened investor interest, reflected in the positive movement of the stock despite broader market weakness.
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