Approval Details

Almondz Global Securities Limited received in-principle approval from:

  • BSE Limited vide letter No. LOD/PREF/SS/FIP/459/2026-27 dated July 23, 2026
  • National Stock Exchange of India Limited vide letter NSE/LIST/54555 dated June 23, 2026

The approval is granted under Regulation 28(1) of SEBI LODR Regulations for a proposed preferential issue.

Preferential Issue Terms

  • Security Type: 1,63,18,538 Equity Shares of ₹1 each
  • Issue Price: Not less than ₹15.32 per equity share
  • Allottees: Promoters of the company
  • Purpose: Conversion of unsecured loan aggregating to ₹25,00,00,000 (Twenty Five Crore Rupees)
  • Basis: Preferential allotment

Regulatory Compliance Requirements

The approvals are subject to strict compliance with:

  • Companies Act, 2013
  • Securities Contracts (Regulation) Act, 1956
  • SEBI Act, 1992
  • Depositories Act, 1996
  • Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
  • Listing Agreement with exchanges
  • Other statutory approvals from SEBI, RBI, MCA, etc.

Specific Compliance Instructions

Internal Controls and Trading Restrictions

The company must strengthen internal controls to monitor trades by proposed allottees before securities allotment:

  • Obtain undertaking from allottees confirming they will not do intra-day trading in company scrip
  • Allottees must not sell any shares in company scrip until allotment date
  • Responsibility for verification and compliance rests solely with the issuer company
  • Non-compliance may impact listing of shares

Post-Allotment Requirements

  • Make listing application within 20 days from date of allotment as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Submit listing application with applicable fees under Regulation 14 of LODR Regulations
  • Complete all post-issue formalities
  • For convertible securities, excess lock-in period of pre-preferential holding will be automatically released by depositories without requiring NOC from exchange

Approval Conditions and Reservations

  • Approval does not constitute listing approval - separate compliance required
  • Exchanges reserve right to withdraw approval if information is incomplete/incorrect/misleading/false
  • Approval can be withdrawn for contravention of any rules, regulations, or guidelines
  • This approval does not constitute approval under any other Act/Regulation - separate approvals required from concerned departments

Additional Notes

  • NSE letter was digitally signed by Pooja Rishikesh Pashte, Manager on July 23, 2026 at 16:21:58 IST
  • Copies were sent to National Securities Depository Limited and Central Depository Services Limited
  • Checklist for further issues available on NSE website