BSE grants trading approval for 31,45,715 equity shares issued on warrant conversion
BSE has granted trading approval for 31,45,715 equity shares of Rs. 4/- each, issued at a premium of Rs. 66/- each, to promoter and non-promoter allottees on a preferential basis following conversion of warrants.
By ScoutQuest · · 2 min read
- Equity shares approved
- 31,45,715 equity shares of Rs. 4/- each, issued at a premium of Rs. 66/- each
- Distinctive numbers
- 2,27,96,401 to 2,59,42,115
- Trading approval effective date
- effective Friday, October 23, 2026
What the update says
The company informed the exchange that BSE, through its letter reference no. LoD/PREF/VI/236/2026-2027 dated 22 October 2026, has granted trading approval for its equity shares issued on a preferential basis.
- Number of shares: 31,45,715 equity shares.
- Face value: Rs. 4/- each, issued at a premium of Rs. 66/- each.
- Distinctive numbers: 2,27,96,401 to 2,59,42,115.
- Allottees: promoter and non-promoter investors, on a preferential basis, pursuant to conversion of warrants.
- Effective date: BSE's letter states that, effective Friday, October 23, 2026, the above-mentioned securities are listed on the Exchange.
What trading approval means
Trading approval is the exchange's clearance that allows newly issued shares to be bought and sold on BSE. Warrants are instruments that convert into equity shares; once converted, the shares are allotted and then need this approval before they can be traded. The company's letter to BSE was shared under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Why the numbers matter
- 31,45,715 new equity shares become tradeable, which adds to the total number of shares in circulation.
- The shares were issued at Rs. 4/- face value with a premium of Rs. 66/- per share, the terms of the preferential allotment.
- The allottees include both promoter and non-promoter investors, so the conversion can shift the promoter and public shareholding mix.
What to watch
A larger number of shares can affect per-share measures such as earnings per share, depending on the company's profits, and can affect how the stock absorbs supply once the new shares begin trading. Broader details of the allotment, such as the post-issue shareholding pattern, follow from the company's separate shareholding disclosures.
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More numbers
- Equity shares approved for trading31,45,715
- Face value per equity shareRs.4/-
- Premium per equity shareRs.66/-
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