Key Approvals Received

  • BSE Limited: Reference no. LOD/RIGHT/KS/FIP/176/2026-27 dated May 5, 2026
  • Metropolitan Stock Exchange of India Limited (MSEI): Reference no. MSE/LIST/2026/725 dated June 10, 2026

Rights Issue Details

  • Total Issue Size: Up to ₹65,00,00,000 (₹65 crore)
  • Security Type: Fully paid-up equity shares
  • Face Value: ₹[.] per share (to be determined)
  • Issue Price: ₹[.] per share (including premium of ₹[.] per share)
  • Issue Structure: Rights issue to eligible equity shareholders
  • Ratio: [.] rights equity shares for every [.] equity shares held (ratio to be determined)

Conditions and Requirements

BSE Conditions:

  • Must print specific disclaimer clause in Letter of Offer and all advertisements
  • Must fix record date with at least 3 working days advance notice to exchange
  • Must disclose rights issue price at least 3 working days prior to record date
  • Must comply with all legal and statutory formalities before finalizing offer documents
  • Must confirm completion of posting of letter of offer & composite application form
  • Must have agreements with all depositories for dematerialization of securities
  • Must get Basis of Allotment approved by Designated Stock Exchange
  • Must have qualified Company Secretary as Compliance Officer
  • Must make payment of all applicable exchange charges
  • Must comply with Section 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR before filing listing application

MSEI Conditions:

  • Receipt of statutory approvals from SEBI, RBI, MCA etc.
  • Compliance with all guidelines, regulations, and directions of exchange and statutory authorities
  • Compliance with Companies Act, 2013 and its rules
  • Compliance with SEBI LODR Regulations, 2015
  • Compliance with SEBI ICDR Regulations, 2018
  • Compliance with SEBI Circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/94 dated August 19, 2019
  • Compliance with SEBI Circular no. SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020

Company Contacts

  • Managing Director: Akhil Nair (DIN: 07706503)
  • Company Secretary & Compliance Officer: Ms. Divya Hiren Shah
  • Company Address: 1206, Royal Trade Centre, Opp. Star Bazaar, Adajan, Surat, Gujarat - 395009

Next Steps

Listing and trading approval will be provided only after the company complies with all post-issue formalities of the exchanges. The exchange reserves the right to withdraw in-principle approval if submitted information is found incomplete, incorrect, misleading, false, or contravening any regulations.