BSE In-Principle Approval Received for Preferential Issue of 1,17,03,500 Warrants
BSE has granted 'in-principle' approval on September 24, 2026 for the proposed issue of 1,17,03,500 warrants, convertible into an equal number of equity shares of Rs. 10/- face value, at a price not less than Rs. 72/- each.
By ScoutQuest · · 1 min read
- Number of warrants
- 1,17,03,500 warrants
- Convertible into equity shares
- 1,17,03,500 equity shares
- Face value per share
- Rs. 10/-
- Issue price floor
- Not less than Rs. 72/- each
- Approval date
- September 24, 2026
What was announced
The company received an 'in-principle' approval from BSE Limited on September 24, 2026 for a proposed preferential issue.
Terms of the proposed issue
- 1,17,03,500 warrants, convertible into 1,17,03,500 equity shares
- Face value of Rs. 10/- each
- Issue price not less than Rs. 72/- each
- Allottees: non-promoters, on a preferential basis
How to read it
An in-principle approval is a step in the listing process for new shares; it is not the allotment itself. The warrants convert into equity shares later, and conversion would add to the company's share count, which can dilute existing shareholders' proportionate holding.
The company stated it will comply with the conditions in the exchange's approval letter and with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018 and SEBI (LODR) Regulations, 2015.
More numbers
- Warrants proposed to be issued1,17,03,500 Warrants
- Equity shares on conversion1,17,03,500 Equity shares
- Face value per shareRs. 10/- each
- Minimum issue price per warrantnot less than Rs. 72/- each
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