Key Transaction Details
The company received listing approval for 2,00,000 equity shares issued to non-promoters on a preferential basis pursuant to conversion of warrants. The approval was granted by BSE Limited vide letter reference LOD/PREF/AA/FIP/1028/2026-27 dated October 28, 2026.
Share Specifics
The shares are equity shares of ₹4 face value each issued at a premium of ₹2 each. The distinctive numbers range from 70500004 to 70700003.
Regulatory Compliance Requirements
The company must ensure compliance with:
- Regulation 167 of SEBI (ICDR) Regulations
- SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
- Filing shareholding pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015 for changes exceeding 2% of total paid-up share capital
Trading Approval Requirements
Trading approval will be granted only after the company submits:
- Listing approval from National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Timeline Requirements
The company must apply for trading approval within seven working days from the date of grant of listing approval (October 28, 2026), as per SEBI circular dated June 21, 2023. Non-compliance will attract fines as specified in the circular.