Approval Details
The company has received "In-Principle approval" from BSE Limited for migration of 3,18,33,079 equity shares from BSE-SME to the main board of BSE. The approval was granted via letter No. LO/Migration/PJ/IP/63/2026-27 dated May 27, 2026.
Application Background
The company's application for listing on BSE's Mainboard Trading Platform was dated March 30, 2026. The application was considered by the Internal Regulatory Oversight and Review Group of the Exchange.
Required Formalities for Listing Completion
The company must complete the following formalities:
- Submit letter of application for listing of shares on Main Board
- Provide Information Memorandum as per Section 26 of Companies Act 2013 and Companies (Prospectus and Allotment of Securities) Rules, 2014, certified by Managing Director/Company Secretary
- Execute Listing Agreement as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Submit latest shareholding pattern as per SEBI circular no. CIR/CFD/CMD/13/2015 dated November 30, 2015
- Provide financials as per Regulation 33 of SEBI LODR Regulations, 2015
- Pay Initial Listing Fees of ₹20,000 plus Annual Listing Fee for FY 2026-27 along with applicable taxes
Regulatory Implications
Upon migration from SME Platform to BSE's Main Board Trading Platform, all provisions of SEBI (LODR) Regulations, 2015 will become applicable to the company, including corporate governance provisions, effective from the first date of trading on Main Board.
Approval Validity and Timeline
The in-principle approval is valid for 45 days from the date of the letter (May 27, 2026). After this period, the company can apply for extensions as per the BSE checklist.
BSE Contact
The approval letter was issued by Hardik Bhuta, Assistant Vice President at BSE Limited.