Supreme Infrastructure India Limited has received listing approval from BSE Limited for equity shares issued through conversion of warrants allotted on a preferential basis.
Key Quantitative Figures
- Number of shares: 7,67,000 (Seven Lakh Sixty Seven Thousand) Equity Shares
- Face value: ₹10 per share
- Issue premium: ₹76.94 per share
- Total issue value: ₹66.67 crore (calculated: 767,000 shares × ₹86.94 per share)
- Distinctive numbers: 96735761 to 97502760
Parties Involved
- Issuer: Supreme Infrastructure India Limited
- Regulatory authority: BSE Limited
- Allottee: Non-promoter (unspecified)
- Depositories: NSDL/CDSL (mentioned for future requirements)
Current Status and Next Steps
The shares have received listing approval but are not yet tradable. Trading approval will be granted only after:
1. Receipt of listing approval from National Stock Exchange of India Ltd. (if applicable)
2. Confirmation letters from NSDL/CDSL about crediting shares to beneficiary accounts
3. Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)
4. Company must apply for trading approval within seven working days from grant of listing approval
Additional Requirements
The company must comply with:
- Regulation 167 of SEBI (ICDR) Regulations
- File shareholding pattern in XBRL mode if change exceeds 2% of total paid-up share capital
- Timeline requirements specified in SEBI circular dated June 21, 2023
- Non-compliance will attract fines as per SEBI circular
Capital Structure Impact
Addition of 767,000 equity shares to the company's capital structure through conversion of previously allotted warrants.