Preferential allotment approved
As filed · Conversion
CapitalWatchNotablemateriality 74 out of 100
What happened
Factand allotted 20,90,000 equity shares of face value of Rs.10/- each fully paid up to “Warrant. Share Warrants (Warrants) into equity shares. These equity shares allotted on conversion of the warrants shall rank pari-passu, in all.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
ContradictedEarlierQ1 FY27
The EBITDA stood at INR 28 crores and the EBITDA margin stood at 21%.
NowQ1 FY27
The PAT for the quarter stood at INR 10 crores with a PAT margin of 7.4%.
Change
FactFact conflict
Implication
CapitSignal interpretationThe earlier statement claims an EBITDA margin of 21%, while the current statement reports a PAT margin of 7.4%. These figures cannot both be true given the reported revenue and PAT.confidence 100%
Earlier statement · Q1 FY27Latest statement · Q1 FY27
Watch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- We remain focused and confident on reducing our debt next year onwards as some of our residential projects hav (management committed by FY27)
Evidence
- Arihant Superstructures Limited has informed the Exchange about conversion of Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%