Trading approval received for 50,000 equity shares from warrant conversion by promoter
NSE and BSE have granted trading approval for 50,000 equity shares of Rs. 10/- each allotted to promoter Mr. Prakash Kacholia on conversion of preferential warrants.
- Number of shares allotted
- 50,000 equity shares of Rs. 10/- each
- Issue premium per share
- Rs. 229.50/-
- Allottee
- Mr. Prakash Kacholia (promoter)
- Trading commencement date
- 28th September, 2026
- Lock-in period
- 18 months up to 28-Mar-2028
What happened
The company received trading approval letters dated 25th September, 2026 from the National Stock Exchange and BSE for equity shares allotted on conversion of warrants issued on a preferential basis.
Key details
- Number of shares: 50,000 equity shares of Rs. 10/- each
- Issue premium: Rs. 229.50/- per share
- Allottee: Mr. Prakash Kacholia, one of the promoters of the company
- Distinctive numbers: 27330132 to 27380131
- Admitted to dealings from 28th September, 2026
Lock-in
Under SEBI ICDR Regulations, these shares are locked in for a period of 18 months from receipt of the trading approval letters, that is up to 28-Mar-2028. During this period the allottee cannot sell them.
What it means for investors
This is the final procedural step after a preferential allotment of warrants to a promoter. The new shares add to the company's paid-up equity, which marginally dilutes existing holdings, while the promoter's capital infusion comes in on conversion. Because of the lock-in, these particular shares will not add to tradable supply in the near term.
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More numbers
- Equity shares granted trading approval50,000 Equity Shares
- Face value per shareRs. 10/- each
- Premium per shareRs. 229.50/-
- Lock-in period18 months
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