Preferential issue: up to ~5.67 lakh equity shares to be issued and allotted
The company has informed BSE that it will issue and allot up to ~5.67 lakh equity shares under its preferential issue.
By ScoutQuest · · 2 min read
- Shares to be issued and allotted
- up to ~5.67 lakh equity shares (5,67,491)
- Issue price per share
- INR 169.85
- Premium per share
- INR 159.85 per equity share
What the update says
- A shareholders' resolution dated September 29, 2026 approved a preferential issue of up to ~5.67 lakh equity shares.
- The issue price was fixed at INR 169.85 per share.
- That price includes a premium of INR 159.85 per equity share.
- The company now states it will issue and allot up to ~5.67 lakh equity shares.
- This is subject to in-principle approval from the stock exchange.
- All other terms and conditions of the proposed preferential issue apply mutatis mutandis, that is, unchanged.
What a preferential issue means
In a preferential issue, shares are allotted to a chosen set of investors instead of being offered to the public. New shares get created, so the total number of shares of the company increases. The price at which these shares are allotted is stated in the update.
The numbers in this update
- Shares approved under the resolution: 5,67,492
- Shares the company will issue and allot: 5,67,491
- Issue price per share: INR 169.85
- Premium per share included in that price: INR 159.85
The number of shares to be issued and allotted is marginally lower than the number approved in the resolution. The issue price and the premium per share are as stated in the update.
What happens next
The allotment is subject to in-principle approval from the stock exchange. The update does not set out a timeline for that approval or for the allotment itself.
How to read this
This is an update on a preferential issue that has already been approved by shareholders. Preferential issues increase the total share count, so existing shareholders hold a smaller proportion of the company afterwards. The size of that effect depends on the total number of shares outstanding, which is not part of this disclosure.
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More numbers
- Equity shares approved under the shareholders' resolution5,67,492
- Equity shares the company will issue and allot5,67,491
- Issue price per equity shareINR 169.85/- per share
- Premium per equity share included in issue priceINR 159.85/- per Equity Share
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