Trading Symbol

DESIFARMS

Key Approval Details

Approval Received: BSE Limited granted in-principle approval via letter reference LOD/PREF/HC/FIP/441/2026-27 dated June 24, 2026.

Securities Approved for Issuance:

  • 3,21,20,990 equity shares of face value ₹10 each at issue price of ₹135 per share (including premium of ₹125)
  • 37,61,600 3% Compulsorily Convertible Non-Cumulative Preference Shares (CCPS) at price of ₹135 per share (including premium of ₹125)
  • 50,66,356 5% Compulsorily Convertible Debentures (CCD) at price of ₹135 per security (including premium of ₹125)

Total Issue Value: Approximately ₹553.16 crore (based on 4,09,48,946 total securities × ₹135 per security)

Basis of Issue: Preferential basis pursuant to share swap to promoters and non-promoters for consideration other than cash.

Regulatory Requirements and Conditions

Conversion Terms:

  • CCPS will convert into 37,61,600 equity shares of ₹10 each
  • CCDs will convert into 50,66,356 equity shares of ₹10 each

Compliance Requirements:

  • Must comply with Companies Act, 2013, SCRA, 1956, SEBI Act, 1992, Depositories Act, 1996
  • Must adhere to Chapter V of SEBI ICDR Regulations, 2018 and SEBI LODR Regulations, 2015
  • Required to obtain all necessary statutory approvals

Trading Restrictions:

  • Company must strengthen internal controls to monitor trades by proposed allottees
  • Must obtain undertaking from allottees confirming they will not do intra-day trading or any sale in company scrip until allotment date
  • Responsibility solely on issuer company to verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018

Listing Requirements:

  • Must 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
  • Required to pay applicable fees and comply with post-issue formalities under Regulation 14 of LODR Regulations
  • Depositories will automatically release excess lock-in period of pre-preferential holding without requiring NOC from Exchange

Risk Factors

  • BSE reserves right to withdraw approval if information submitted is found incomplete/incorrect/misleading/false
  • Approval may be withdrawn if company contravenes any Rules, Bye-laws, Regulations of Exchange, LODR Regulations, ICDR Regulations
  • Any non-compliances observed post-undertaking may impact listing of shares
  • Failure to apply for listing within 20 days of allotment will attract fines as specified in SEBI circular

Additional Information

  • This disclosure references previous intimations dated January 15, 2026 and disclosures dated January 20, 2026, February 20, 2026, and February 21, 2026
  • Information available on company website: www.ser-industries.co.in
  • Signed by Garima Priyani, Company Secretary and Compliance Officer

Financial Impact

Financial impact not quantified in the disclosure. The share swap arrangement suggests non-cash consideration, but specific valuation details not provided.