In-principle approval for ~35.87 crore warrants convertible into equal number of equity shares
Rollatainers Ltd has received 'In-Principle' approval from BSE and NSE for issuing ~35.87 crore warrants convertible into ~35.87 crore equity shares of Re. 1/- each at a price not less than Rs. 2.23/- each.
By ScoutQuest · · 2 min read
- Warrants approved
- ~35.87 crore warrants convertible into ~35.87 crore equity shares
- Issue price
- not less than Rs. 2.23/- each
- Allottees / basis
- promoters and non-promoters on a preferential basis
What the company has informed
Rollatainers Limited has informed the exchanges that BSE Limited and NSE Limited have granted "In-Principle" approval for the issuance of ~35.87 crore warrants convertible into ~35.87 crore equity shares of the company of Rs. 1/- each, at a price not less than Rs. 2.23/- each, to promoters and non-promoters on a preferential basis.
The approval letters are dated 16th October 2026.
What an "In-Principle" approval is
This is the stock exchange's clearance for a proposed issue of securities, given before the shares are allotted. The BSE letter states it should not be construed as approval for the listing of the securities, and that the company is required to separately comply with listing requirements. NSE has granted the clearance subject to the company fulfilling the conditions listed in its letter.
Conditions attached to the approval
- The listing application is to be shared at the earliest from the date of allotment.
- Receipt of statutory and other approvals, and compliance with guidelines/regulations issued by statutory authorities including SEBI, RBI and MCA.
- Compliance with applicable guidelines, regulations and directions of the exchange or any statutory authorities as on the date of listing application.
- Compliance with SEBI (LODR) Regulations, 2015, the Companies Act and other applicable laws.
- Submission of documents required by NSE and payment of applicable fees.
- The company is advised to obtain an undertaking from the allottee(s) that they shall not do intra-day trading in the scrip of the company, or any sale in the scrip, till the allotment date of the security.
- The responsibility to verify this undertaking and ensure compliance lies solely on the issuer company; any non-compliance observed by the exchanges after the undertaking and verification may impact the listing of such shares.
- Application for listing is to be made within twenty days from the date of allotment.
Points a shareholder can weigh
The warrants are convertible into an equal number of equity shares. If the warrants are converted, the company's equity share capital would go up by ~35.87 crore equity shares of Re. 1/- each, and the shares would be issued to promoters and non-promoters on a preferential basis. The price stated is not less than Rs. 2.23/- per share.
The exchange has stated that it reserves the right to withdraw the in-principle approval at a later stage if the information submitted is found to be incomplete, incorrect, misleading or false, or in contravention of rules, bye-laws and regulations.
More numbers
- Warrants approved for issue on preferential basis35,87,44,394
- Equity shares on conversion of the warrants35,87,44,394
- Face value of each equity shareRs. 1/-
- Issue price per warrant/share (not less than)Rs. 2.23/-
- Time to make listing application from date of allotmenttwenty days
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