Key Transaction Details

  • Approval Date: July 13, 2026 (BSE letter reference: LOD/PREF/GB/FIP/502/2026-27)
  • Filing Date: July 14, 2026
  • Transaction Type: Preferential issue of equity shares to promoter against conversion of unsecured loan
  • Number of Shares: 1,85,18,518 equity shares
  • Face Value: ₹5 per share
  • Issue Price: Not less than ₹10.80 per equity share
  • Total Loan Conversion Amount: ₹20,00,00,000 (Twenty Crore Rupees)

Compliance Requirements

Company must ensure strict compliance with:

  • Companies Act, 2013
  • Securities Contracts (Regulation) Act, 1956
  • SEBI Act, 1992
  • Depositories Act, 1996
  • Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
  • Listing Agreement with BSE

Specific Conditions and Advisory

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

Post-Allotment Requirements

  • Listing application must be made without delay with applicable fees under Regulation 14 of LODR Regulations
  • Application must be made within twenty days from date of allotment as per Schedule XIX - Para (2) of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Non-compliance with timeline will attract fines as specified in SEBI circular
  • Depositories will automatically release excess lock-in period of Pre-Preferential Holding of allottees without requiring NOC from Exchange

Reservation of Rights

BSE reserves right to withdraw in-principle approval if information submitted is found incomplete/incorrect/misleading/false or if it contravenes any Rules, Bye-laws, Regulations, or statutory guidelines.