BSE grants trading approval for 35 lakh equity shares issued on warrant conversion
BSE has granted trading approval for 35 lakh equity shares of Rs. 10/- each, issued at a premium of Rs. 40/- per share, following conversion of warrants allotted to promoters and promoter group on a preferential basis.
By ScoutQuest · · 2 min read
- Shares approved for trading
- 35 lakh equity shares
- Face value / premium per share
- Rs. 10/- each, issued at a premium of Rs. 40/- per share
- Approval reference
- BSE letter dated October 23, 2026
What the company told the exchange
- BSE Limited has granted trading approval for 35 lakh equity shares of the company.
- The approval comes by a BSE letter dated October 23, 2026.
- These shares were issued pursuant to conversion of warrants allotted to the promoters and promoter group on a preferential basis.
- Each share has a face value of Rs. 10/- and was issued at a premium of Rs. 40/- per share.
- The company's earlier intimation dated October 13, 2026 had covered the receipt of listing approval from BSE for the same 35 lakh shares.
Trading approval, in simple terms
- Listing approval brings a set of new shares onto the company's listed share capital.
- Trading approval is the next step, which allows those shares to be bought and sold on the exchange.
- So the shares created by converting the warrants can now be traded.
What it means for the share base
- The company's total number of equity shares now includes these 35 lakh shares.
- Because they were issued to promoters and promoter group, the promoter group's holding in the company goes up by this number of shares.
- For other shareholders, an increase in the total number of shares means their own holding represents a smaller percentage of the company than before.
- The shares were issued at Rs. 10/- face value plus a Rs. 40/- premium per share.
What to take away
- This is a procedural step that completes the process that began with the warrant conversion and the listing approval.
- The key facts to note are the size of the issue (35 lakh shares) and who received them (promoters and promoter group, on a preferential basis).
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More numbers
- Equity shares issued pursuant to conversion of warrants35,00,000 (Thirty-Five Lakhs)
- Face value per equity shareRs. 10/-
- Premium per equity shareRs. 40/-
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