Trading Approval Received for 5,50,000 Shares from Warrant Conversion by Promoter
NSE and BSE have granted final listing and trading approval for 5,50,000 equity shares of Rs. 5/- each, issued at a premium of Rs. 163/- each.
- Shares Issued
- 5,50,000 equity shares of Rs. 5/- each
- Premium Issued At
- Rs. 163/- per share
- Source
- Conversion of 5,50,000 convertible warrants
- Lock-in Period
- Up to 31-Mar-2028
- Trading Start Date
- September 29, 2026
What was shared
The company informed the exchanges that it has received the final listing and trading approvals from BSE Limited and the National Stock Exchange for 5,50,000 Equity Shares.
Where the shares came from
- The shares were issued on conversion of 5,50,000 Convertible Equity Warrants allotted on a preferential basis.
- They were allotted to Pennar Holdings Private Limited, a Promoter of the company, after payment of the balance consideration.
- Face value Rs. 5/- each, issued at a premium of Rs. 163/- each.
Timeline
- Warrant conversion shares allotted on July 14, 2026.
- In-principle approval from NSE and BSE was intimated earlier.
- Approvals received September 28, 2026; shares listed and admitted to dealings from September 29, 2026.
Lock-in
The 5,50,000 shares (distinctive numbers 158485197 to 159035196) are locked in up to 31-Mar-2028, so they cannot be traded by the promoter until then even though they are technically listed.
How to read it
This is the final procedural step that makes preferentially issued promoter shares part of the listed share capital. It marginally increases the total number of outstanding shares, while the promoter has brought in fresh money at Rs. 168 per share in total (face value plus premium).
More numbers
- Equity shares approved for trading5,50,000 Equity Shares
- Warrants converted5,50,000 Convertible Equity Warrants
- Face value per shareRs. 5/- each
- Premium per shareRs. 163/- each
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