Samyak International Limited has received in-principle approval from BSE Limited for a preferential issuance of securities. The approval covers two components:

Securities Approval Details:

  • 40,00,000 equity shares of ₹10 each to be issued to promoters and non-promoters on preferential basis
  • 40,00,000 warrants convertible into equity shares of ₹10 each to be issued to promoter & promoter group and non-promoters
  • Minimum issue price: ₹17 per share/warrant

Regulatory References:

  • Approval granted under Regulation 28(1) of SEBI LODR Regulations, 2015
  • BSE approval letter reference: LOD/PREF/MV/FIP/624/2026-27 dated August 05, 2026
  • Disclosure made under Regulation 30(1) of SEBI LODR Regulations

Compliance Requirements:

The company must ensure strict compliance with:

  • Companies Act, 2013
  • Securities Contracts (Regulation) Act, 1956
  • SEBI Act, 1992
  • Depositories Act, 1996
  • Chapter V of SEBI ICDR Regulations, 2018
  • SEBI LODR Regulations, 2015
  • Listing Agreement with BSE

Specific Conditions Imposed by BSE:

  • 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 the company scrip until allotment date
  • Responsibility solely on the issuer company to verify compliance, including Regulation 167(6) of SEBI ICDR regulations
  • Any non-compliances may impact listing of shares

Post-Allotment Requirements:

  • Must make listing application without delay with applicable fees under Regulation 14 of LODR Regulations
  • For convertible securities, depositories will automatically release excess lock-in period of pre-preferential holding without requiring NOC from Exchange
  • Must apply for listing within twenty days from date of allotment as per Schedule XIX - Para (2) of ICDR Regulations and SEBI circular dated June 21, 2023

Risk Factors:

  • BSE reserves right to withdraw approval if information submitted is found incomplete/incorrect/misleading/false
  • Approval may be withdrawn if contravenes any Rules, Bye-laws and Regulations of the Exchange, LODR Regulations, ICDR Regulations or statutory guidelines

Company Details:

  • Company Secretary & Compliance Officer: Nancy Jain