Apis India Limited has disclosed that its Board of Directors has considered and approved the proposal for listing of the company's existing equity shares on the Main Board of National Stock Exchange of India Limited (NSE).
The proposed listing is intended to provide the company's equity shares with an additional trading platform, enhance market accessibility, improve liquidity, and facilitate greater participation by investors.
The listing shall be subject to fulfilment of applicable eligibility criteria, submission of requisite applications and documentation, and receipt of necessary approvals from NSE Limited and other applicable regulatory authorities.
It is specifically clarified that the proposed listing pertains to the existing equity shares of the company and does not involve any fresh issue of equity shares or raising of funds.
The company has committed to keeping the stock exchange informed of further developments in accordance with applicable regulatory requirements.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is signed by Amit Anand, Managing Director (DIN: 00951321).