Modern Dairies Limited has received listing approval from BSE Limited for 35,00,000 equity shares issued through conversion of warrants. The approval was granted on October 13, 2026, under reference number LOD/PREF/DD/FIP/936/2026-27.
Share Details
The company issued 35,00,000 equity shares of ₹10 each at a premium of ₹40 per share (total issue price of ₹50 per share) to promoters and promoter group on a preferential basis. The shares bear distinctive numbers from 28496762 to 31996761.
Trading Approval Requirements
For trading approval to be granted, the company must submit:
- Listing approval from National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL about crediting the shares to beneficiary accounts
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Compliance Requirements
The company must ensure compliance with Regulation 167 of SEBI (ICDR) Regulations. Additionally, if there is any change exceeding 2% 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.
Timeline Requirement
As per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company must apply for trading approval within seven working days from the date of grant of listing approval. Non-compliance will attract fines as specified in the circular.