Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, intimating receipt of in-principle approval from BSE for a preferential warrant issue.

Approval Details: The company received in-principle approval from BSE Limited via letter reference LOD/PREF/GB/FIP/1067/2026-27 dated 06th November, 2026, under Regulation 28(1) of SEBI (LODR) Regulations, 2015.

Transaction Specifics: The approval covers the proposed issue of 5,00,000 (Five Lakh) warrants convertible into an equal number of equity shares of face value ₹10 each. The issue price is set at not less than ₹147.39 per warrant. The allottee is identified as "the Promoter". The transaction is to be executed on a preferential basis.

Conditions: The approval is subject to obtaining all applicable statutory and regulatory approvals and compliance with relevant provisions of law. BSE explicitly states this is not an approval for listing of the securities. The company must undertake necessary post-issue formalities and apply for listing of the equity shares upon allotment.

Compliance Requirements from BSE:

  • The issue and allotment must comply with Companies Act 2013, SCRA 1956, SEBI Act 1992, Depositories Act 1996, Chapter V of SEBI ICDR Regulations 2018, SEBI LODR Regulations 2015, and the Listing Agreement.
  • The company must strengthen internal controls to monitor trades by the allottees in the company's scrip before allotment.
  • The company must obtain an undertaking from the allottee(s) 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 with Regulation 167(6) of SEBI ICDR Regulations, 2018 rests solely with the issuer company.
  • Non-compliances observed post-undertaking may impact the listing of such shares.
  • A listing application with applicable fees must be made without delay after allotment, per Regulation 14 of LODR Regulations.
  • As per Schedule XIX of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the listing application must be made within twenty days from the date of allotment. Non-compliance will attract fines as specified in the circular.
  • For convertible securities, depositories will automatically release excess lock-in periods of pre-preferential holdings without requiring an NOC from the Exchange.

Reservation of Rights: BSE reserves the right to withdraw this in-principle approval if submitted information is found incomplete, incorrect, misleading, false, or if it contravenes any rules, bye-laws, or regulations.

Financial Impact: The transaction could potentially raise ₹7,36,95,000 (5,00,000 warrants × ₹147.39/warrant) upon full conversion. The disclosure does not quantify the specific financial impact on the company's capital structure or earnings.