Issue of Equity Shares through Qualified Institutions Placement (“QIP’) for an aggregate. Issue of Equity Shareson Preferential basis for an aggregate amount upto Rs.100,00,00,000/.
A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
the allottees and the upfront amount of Rs. 13,21,27,900 i.e. 25% of the issue price. The list allotees whose warrants are forfeited is attached as Annexure ‐1.
Why it matters
CapitSignal interpretation
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
exercised the option of conversion within the stipulated period, the said warrants have. 2018, the upfront amount of Rs. 13,21,27,900 i.e. time of allotment of warrants stands forfeited by the Company.
Why it matters
CapitSignal interpretation
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. respect of the Assessment Year 2021-22 wherein a tax demand of Rs. 4,67,75,96,840 was raised. The balance 20% of the amount towards the disputed demand shall be payable as 6th instalment subject.
Why it matters
CapitSignal interpretation
Litigation creates a contingent liability that is not in reported profit until it crystallises.
A qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
What happened
Fact
Issue of Equity Shares through Qualified Institutions Placement (“QIP’) for an aggregate. Issue of Equity Shareson Preferential basis for an aggregate amount upto Rs.100,00,00,000/.
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
the allottees and the upfront amount of Rs. 13,21,27,900 i.e. 25% of the issue price. The list allotees whose warrants are forfeited is attached as Annexure ‐1.
Update 13 of 22 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. is currently undergoing Corporate Insolvency Resolution Process.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. respect of the Assessment Year 2021-22 wherein a tax demand of Rs. 4,67,75,96,840 was raised. The balance 20% of the amount towards the disputed demand shall be payable as 6th instalment subject.
Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What happened
Fact
exercised the option of conversion within the stipulated period, the said warrants have. 2018, the upfront amount of Rs. 13,21,27,900 i.e. time of allotment of warrants stands forfeited by the Company.
