Disclosure Summary
Key Approvals and Dates
- BSE Approval: Granted on September 11, 2026, under Reference No. LO\MIGRATION\PJ\IP\272\2026-2027.
- NSE Approval: Granted on October 19, 2026, under Reference No. NSE/LIST/72.
- Both approvals are valid for a period of 45 days from their respective dates of issuance.
Conditions for Final Approval (as per BSE)
The in-principle approval is subject to the completion of several formalities, including:
- Submission of a formal listing application for the Main Board.
- Submission of a Final Information Memorandum, updated as of the application date, certified by the Managing Director and/or Company Secretary, and formatted per Section 26 of the Companies Act, 2013.
- Execution of the Listing Agreement and compliance with SEBI (LODR) Regulations, 2015.
- Submission of the latest shareholding pattern in the prescribed SEBI format and latest financial results filed under Regulation 33 of SEBI LODR.
- Payment of applicable Initial and Annual Listing Fees and taxes.
- Submission of any other required documents, clarifications, or undertakings.
Post-Migration Implications
Upon successful migration and commencement of trading on the Main Board, the company will become subject to all applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including its corporate governance requirements.
Additional Notes from NSE
NSE's approval letter specifies that the migration pertains to 24,746,900 equity shares of ₹10/- each. The letter clarifies that this approval is not a substitute for any other required approvals under different acts or regulations, for which the company must approach the concerned departments separately.