Listing Approval Details
The company received Listing Approval Letter from BSE Limited bearing Reference No. LOD/PREF/KS/FIP/616/2026-27 dated August 04, 2026, for listing of 21,44,239 equity shares.
Share Details
- Number of Equity Shares: 21,44,239
- Face Value: ₹10 each
- Issue Price: ₹58 per equity share (including premium of ₹48 per equity share)
- Distinctive Numbers: 58602296 to 60746534
- Category of Allottees: Promoters and Non-Promoters
- Mode of Allotment: Preferential Issue pursuant to conversion of Optionally Convertible Redeemable Preference Shares (OCRPS)
The aforesaid equity shares shall rank pari passu in all respects with the existing equity shares of the Company.
Trading Approval Requirements
BSE specified that trading approval will be granted only after the company files:
- Listing approval from National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Regulatory Compliance Requirements
The company must ensure compliance with Regulation 167 of SEBI (ICDR) Regulations. Additionally, if there is change exceeding two percent of the total paid-up share capital, the company shall file the shareholding pattern in XBRL mode as required under Regulations 31(1)(c) of SEBI LODR Regulations, 2015.
As per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company must apply for trading approval within seven working days from the date of grant of listing approval.
The communication was signed by Prabir Kumar Das, Company Secretary & Compliance Officer (Membership No.: F6333) on behalf of Scan Steels Limited.