Suditi Industries Limited has received listing approval from Bombay Stock Exchange (BSE) for 48,00,000 equity shares issued on a preferential basis pursuant to conversion of warrants. The approval was granted vide BSE letter reference LOD/PREF/DA/FIP/994/2026-27 dated October 23, 2026.
Key Details of the Share Issuance:
- Number of shares: 48,00,000 equity shares
- Face value: ₹10 per share
- Issue premium: ₹17.50 per share
- Total issue price per share: ₹27.50
- Distinctive numbers: 4,96,07,025 to 5,44,07,024
- Issued to: Promoters and non-promoters
- Basis: Preferential issue pursuant to conversion of warrants
Conditions for Trading Approval:
The BSE has specified that trading approval will be granted only after the company submits:
1. Listing approval from the National Stock Exchange of India Ltd. (if applicable)
2. Confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts
3. Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
Additional Compliance Requirements:
- The company must ensure compliance with Regulation 167 of SEBI (ICDR) Regulations
- For any change exceeding 2% of total paid-up share capital, the company must file shareholding pattern in XBRL mode as required under Regulation 31(1)(c) of SEBI LODR Regulations, 2015
- The company must apply for trading approval within seven working days from the date of grant of listing approval as per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
Document Signatory:
Pawan Agarwal, Director (DIN: 00808731) signed the intimation to BSE on October 23, 2026.
BSE Correspondence:
The approval letter was signed by Assistant Vice President and Deputy Manager of BSE.