Depositories: National Securities Depository Limited, Central Depository Services Limited (cc'd in NSE letter)
Conditions and Compliance Requirements
From BSE Approval:
Listing application must be made within 20 days from allotment date as per SEBI circular
Company must obtain all statutory approvals (SEBI, RBI, MCA, etc.)
Company must strengthen internal controls to monitor trades by proposed allottees
Must obtain undertaking from allottees confirming they will not do intra-day trading or any sale in company scrip till allotment date
Responsibility solely on issuer company to verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018
Non-compliances may impact listing of shares
From NSE Approval:
Same conditions as BSE regarding internal controls and allottee undertakings
Must file listing application at earliest from date of allotment
Must comply with all applicable guidelines, regulations, and directions
Must submit required documents and pay applicable fees
Financial Impact
Total Equity Issue Size: ₹92.39 crore (2,19,97,664 shares × ₹42)
Total Warrant Issue Size: ₹30.24 crore (72,00,000 warrants × ₹42)
Total Potential Fundraise: ₹122.63 crore (if all warrants are converted)
Premium Component: ₹40 per security (both shares and warrants)
Capital Structure Impact
Current Share Capital: Not disclosed in this document
Post-Issue Equity Dilution: The issue will result in dilution of existing shareholding
Promoter Holding Impact: Promoters will increase holding through warrant conversion
Warrant Conversion Timeline: Not specified in this document
Additional Information
The in-principle approval does not guarantee final listing approval
Exchanges reserve right to withdraw approval if information is found incomplete/incorrect/misleading/false
Company must comply with all post-issue formalities and listing requirements
For convertible securities, excess lock-in period of pre-preferential holding will be automatically released by depositories without requiring NOC from exchange
