Key Quantitative Details

  • Number of warrants: 30,00,000 (30 lakh)
  • Conversion terms: Each warrant convertible into 1 equity share
  • Total potential equity shares: 30,00,000 shares
  • Face value: ₹5 per share
  • Issue price: Not less than ₹168 per warrant
  • Allottee category: Promoters

Approval Details

BSE Approval:

  • Reference: LOD/PREF/KS/FIP/377/2026-27
  • Date: 12th June, 2026

NSE Approval:

  • Reference: NSE/LIST/54597
  • Date: 12th June, 2026

Regulatory Framework

The approval is granted under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and requires 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)

Compliance Requirements

Pre-allotment requirements:

  • Strengthen internal controls to monitor trades by proposed allottees
  • Obtain undertaking from allottees confirming they will not do intra-day trading or any sale in the company scrip until allotment date
  • Verify compliance with Regulation 167(6) of SEBI ICDR regulations, 2018

Post-allotment requirements:

  • File listing application within 20 days from date of allotment (as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023)
  • Pay applicable fees
  • Complete post-issue formalities

Conditions and Reservations

  • This in-principle approval does not constitute final listing approval
  • Exchanges reserve right to withdraw approval if information is found incomplete/incorrect/misleading/false
  • Company must obtain all statutory approvals including from SEBI, RBI, MCA
  • Non-compliance may impact listing of shares

Additional Notes

  • Depositories will automatically release excess lock-in period of pre-preferential holding without requiring NOC from exchange
  • Company must separately seek approvals from other departments if required under other acts/regulations
  • Checklist for post-issue formalities available on exchange websites