NSE grants in-principle listing approval for 1 lakh equity shares allotted on warrant conversion
NSE has granted in-principle approval for listing 1 lakh equity shares of Rs. 10 each.
By ScoutQuest · · 1 min read
- Shares approved for listing
- 1 lakh equity shares of Rs. 10 each
- Distinctive numbers
- 27525581 to 27625580
- NSE letter reference
- NSE/LIST/56928, dated 16th October 2026
What has been approved
NSE has granted in-principle approval for the listing of 1 lakh equity shares of Rs. 10 each of the company. These shares were allotted on conversion of an equal number of warrants that had been issued on a preferential basis to Mr. Prakash Kacholia, one of the promoters of the company.
The exchange's letter is dated 16th October 2026 and bears reference number NSE/LIST/56928. The shares carry distinctive numbers 27525581 to 27625580.
Understanding the steps
- A warrant is a right to receive shares at a later date, usually against payment of a price fixed when the warrant is issued.
- Conversion means those warrants have now been turned into equity shares, and the shares have been allotted.
- Once allotted, the shares need the exchange's approval before they can be listed. NSE's letter gives that approval.
- The company has informed the exchanges about the receipt of this approval.
When the shares will be listed
- As per the letter, the shares would be listed and admitted to dealings on the Exchange on receipt of confirmation from the depositories, NSDL and CDSL, for credit of beneficiaries' accounts.
Other points stated in the approval letter
- The approval is an in-principle approval.
- NSE has stated that it reserves the right to withdraw this in-principle approval at a later stage if the information submitted to the Exchange is found to be incomplete, incorrect, misleading or false, or in contravention of the Exchange's Rules, Bye-laws and Regulations, SEBI (LODR) Regulations, 2015, or guidelines/regulations issued by statutory authorities.
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More numbers
- Equity shares for which NSE granted in-principle listing approval1,00,000
- Face value per equity shareRs. 10
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