TEJASSVI AAHARAM LIMITED

Key Approval Details

Bombay Stock Exchange (BSE) has granted "In-Principle" approval under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide Letter No. LOD/PREF/PB/FIP/479/2026-27 dated 07th July, 2026.

The approval covers the issue of 5,11,62,204 (Five Crore Eleven Lakh Sixty Two Thousand Two Hundred and Four) fully paid up equity shares with face value of ₹10 each at an issue price of ₹10 per equity share.

The shares will be issued to Non-Promoters on a preferential basis pursuant to a share swap arrangement.

Conditions and Compliance Requirements

The in-principle approval does not constitute final listing approval. The company must ensure:

  • Strict compliance with Companies Act, 2013
  • Compliance with Securities Contracts (Regulation) Act, 1956
  • Compliance with SEBI Act, 1992
  • Compliance with Depositories Act, 1996
  • Adherence to Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
  • Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
  • Compliance with Listing Agreement terms
  • Obtaining all required statutory and other approvals

Internal Control Requirements

The company is advised to strengthen internal controls to monitor trades by proposed allottees in the company's scrip before allotment. Specific requirements include:

  • Obtaining undertakings from allottees 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 rests solely with the issuer company
  • Non-compliances observed post-undertaking may impact listing of such shares

Post-Allotment Requirements

Upon allotment, the company must:

  • Make listing application without delay with applicable fees under Regulation 14 of LODR Regulations
  • Comply with post-issue formalities
  • Submit listing application within twenty days from date of allotment as per Schedule XIX - Para (2) of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023

Validity and Withdrawal Conditions

The approval is valid subject to compliance with SEBI Listing Regulations, SEBI ICDR Regulations, Companies Act, 2013, and terms specified in the BSE approval letter.

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, Regulations of the Exchange, LODR Regulations, ICDR Regulations, or Guidelines/Regulations issued by statutory authorities.

Annexure Details

The annexure provides structured information as required by SEBI Master Circular:

  • Regulatory authority: Bombay Stock Exchange (BSE)
  • Approval details: In-principle approval for issuance and allotment of 5,11,62,204 equity shares
  • Impact: Enables company to proceed with preferential issue subject to compliance
  • Withdrawal/cancellation: Not Applicable
  • Validity period: Subject to compliance with applicable regulations
  • Actual impact: Not Applicable