On Door Concepts Limited Approves Preferential Issue of Equity Shares and Warrants
On Door Concepts Limited announced that its Board of Directors has approved a preferential issue of equity shares and convertible warrants. The company's board considered and approved the proposed issue during meetings held on April 21, 2026, and May 06, 2026.In connection with the preferential issue, the company emphasized its commitment to enhanced corporate governance and transparency. As a measure to ensure fairness to all stakeholders, the company voluntarily obtained a valuation report from an independent Registered Valuer. This valuation determined the proposed issue price for the equity shares and warrants to be allotted on a preferential basis.
The company noted that while the pricing for the preferential issue complies with the applicable provisions for frequently traded shares, the additional valuation report serves to bolster the governance standards and transparency related to the allotment.
ONDOOR Stock Price Movement
On Friday, shares of On Door Concepts Limited edged higher, closing at ₹173.45, marking a notable gain of 2.37% for the day. The stock saw considerable trading activity, with 56,100 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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