Key Approval Details

  • Approval Received: In-principle approval from BSE Limited
  • Approval Date: November 3, 2026
  • BSE Reference Number: LOD/PREF/RB/FIP/1055/2026-27
  • Security Type: Equity shares
  • Number of Shares: 1,50,00,000 (One Crore Fifty Lakh)
  • Face Value: ₹10 per share
  • Issue Price: ₹10 per share
  • Allottee Category: Non-promoters
  • Issue Type: Preferential basis

Regulatory Compliance Requirements

The approval is subject to strict compliance with:

  • Companies Act, 2013
  • Securities Contracts (Regulation) Act, 1956
  • SEBI Act, 1992
  • Depositories Act, 1996
  • 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

Internal Control Requirements

BSE has advised the company to strengthen internal controls to monitor trades by proposed allottees, specifically:

  • Obtain undertakings from allottees confirming they will not engage in intra-day trading or any sale in the company's scrip until the allotment date
  • The responsibility for verification and compliance rests solely with the issuer company under Regulation 167(6) of SEBI ICDR regulations, 2018
  • Any non-compliances post-undertaking may impact the listing of such shares

Post-Allotment Requirements

  • Listing application must be made without delay after allotment with applicable fees under Regulation 14 of LODR Regulations
  • Application for listing must be made within 20 days from the 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 the 20-day requirement will attract fines as specified in the SEBI circular

Conditions and Reservations

The Exchange reserves the right to withdraw this in-principle approval if:

  • Information submitted is found incomplete, incorrect, misleading, or false
  • There is contravention of any Rules, Bye-laws, and Regulations of the Exchange
  • Violation of LODR Regulations, ICDR Regulations, or Guidelines/Regulations issued by statutory authorities

Company Address

1-7-241/11/D, SD Road, Secunderabad, Telangana-500003