The approval was granted via letter reference LOD/PREF/MV/FIP/256/2026-27 dated May 21, 2026, and was received by the company on May 25, 2026.
Share Details
- Number of shares: 18,33,334 equity shares
- Face value: ₹4 per share
- Issue premium: ₹2 per share
- Distinctive numbers: 66466669 to 68300002
- Issued to: Non-promoters
- Basis: Preferential issuance pursuant to conversion of warrants
Regulatory Requirements
The company must ensure compliance with Regulation 167 of SEBI (ICDR) Regulations and any subsequent specifications from SEBI.
In case of any change exceeding two percent of the total paid-up share capital, the company must file the shareholding pattern in XBRL mode as required under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.
Conditions for Trading Approval
Trading approval for the shares will be granted only after the company submits:
- Listing approval from the National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts/admitting the capital to the depository system
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Timeline Requirements
As per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company must apply for trading approval to the stock exchange(s) within seven working days from the date of grant of listing approval, along with specified documents. Non-compliance will attract fines as mentioned in the SEBI circular.