BSE Listing Approval for 31,45,715 Equity Shares Issued on Warrant Conversion

BSE has granted listing approval for 31,45,715 equity shares of Rs. 4/- each, issued at a premium of Rs. 66/- each to promoters and non-promoters on a preferential basis on conversion of warrants.

Thu 1 Oct 2026

Shares Issued on Warrant Conversion

31,45,715 equity shares

Face Value per Share

Rs. 4/-

Premium per Share

Rs. 66/-

Total Issue Price per Share

Rs. 70/-

Distinctive Numbers Range

2,27,96,401 to 2,59,42,115

What was shared

The company informed the Exchange that it has received listing approval for 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
• Allotted to promoters and non-promoters on a preferential basis
• Issued pursuant to conversion of warrants

What listing approval means

Listing approval lets these new shares be admitted on the Exchange. The Exchange has stated that trading approval will be granted only after the company files listing approval from NSE (if applicable), confirmation letters from NSDL/CDSL on crediting the shares to beneficiary accounts, and confirmation on lock-in of pre-preferential holding (if applicable).

The Exchange also noted that an application for trading approval must be made within seven working days from the date of grant of listing approval, and that the company should comply with Regulation 167 of SEBI (ICDR) Regulations. Where the change exceeds two per cent of total paid-up share capital, the shareholding pattern is to be shared in XBRL mode.

For investors

This step completes part of the preferential issue process. Warrant conversion brings in funds at Rs. 70 per share in total (face value plus premium) and increases the share count, which affects the shareholding pattern.

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