BSE In-Principle Approval Received for Preferential Issue of 23,90,000 Shares to Promoter Group

BSE has given in-principle approval for the proposed preferential issue of up to 23,90,000 equity shares (face value ₹10) at ₹20.47 per share to promoters and promoter group.

Fri 25 Sep 2026

Number of shares

up to 23,90,000 equity shares

Face value per share

₹10

Issue price per share

₹20.47 per share

Total consideration

not exceeding ₹4,89,23,300.00

Allottees

promoters and members of the promoter group

What was shared

The company intimated the exchange that it has received in-principle approval from BSE Limited for a proposed preferential issue of equity shares.

Key terms

• Up to 23,90,000 fully paid-up equity shares
• Face value ₹10 each
• Issue price ₹20.47 per share
• Aggregate consideration not exceeding ₹4,89,23,300.00
• Allottees: promoters and members of the promoter group

What it means

A preferential issue is the allotment of new shares to selected persons rather than to the public. Here the proposed allottees are the promoter group, which means promoter funds would come into the company in exchange for newly issued shares.

In-principle approval is a procedural clearance from the exchange; the issue remains a proposed one until allotment is completed and listing approval follows. Because new shares are created, existing shareholders' proportionate holding can change once allotment happens.

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