Company Disclosure Summary

Approval Details

  • Approval Received: In-principle approval from BSE Limited
  • BSE Reference Number: LOD/PREF/GB/FIP/735/2026-27
  • Approval Date: August 31, 2026
  • Disclosure Date: September 1, 2026

Equity Issue Parameters

  • Number of Shares: 4,24,647 (Four Lakh Twenty-Four Thousand Six Hundred and Forty-Seven) Equity Shares
  • Face Value: ₹5 per share
  • Issue Price: ₹2,341 per Equity Share
  • Total Issue Size: Approximately ₹99.4 crore (4,24,647 shares × ₹2,341)
  • Allottee Categories: Promoter and Non-Promoter investors

Regulatory Compliance Requirements

The approval is subject to strict compliance with:

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

Specific Compliance Instructions from BSE

1. The company must strengthen internal controls to monitor trades by proposed allottees

2. Must obtain undertaking from allottee(s) confirming they will not do intra-day trading or any sale in the company scrip until allotment date

3. Responsibility for verification and compliance rests solely with the issuer company

4. Any non-compliances post-undertaking may impact listing of such shares

Post-Allotment Requirements

  • Listing application must be made within twenty days from date of allotment as per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Application must include applicable fees and comply with post-issue formalities 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

Approval Conditions

This in-principle approval does not constitute approval for listing of the security. BSE reserves the right to withdraw approval if submitted information is found incomplete, incorrect, misleading, false, or if it contravenes any rules, regulations, or guidelines.

Company Representatives

  • BSE Officials: Janardhan Wagle (Deputy Vice President), Gaurav Bajare (Deputy Manager)