Corporate Action24 Sept 2026, 09:57 pm
Themis Medicare Withdraws Proposed Preferential Issue of Warrants
AI Summary
Themis Medicare Ltd has decided to withdraw its proposed preferential issue of 45,95,795 convertible equity warrants. The company had previously announced this issue on February 25, 2026, with a conversion price of Rs. 102.87 per warrant, intended to strengthen working capital. The withdrawal is to allow for future issuance with different objectives. The company has secured its working capital requirements through other means. Applications made to BSE and NSE for in-principal approval will also be withdrawn. Themis Medicare assures that this withdrawal will not adversely impact its financial position or operations.
Key Highlights
- Withdrawal of proposed preferential issue of 45,95,795 warrants.
- Original objective was to strengthen working capital.
- Working capital needs met through alternative means.
- No adverse impact expected on financial position or operations.
Price Impact
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