NSE and BSE grant listing approval for 28,21,411 equity shares allotted on warrant conversion

Company has received listing approval from NSE and BSE for 28,21,411 equity shares.

Tue 6 Oct 2026

Shares Covered

28,21,411 equity shares

Allotment Date

July 10, 2026

Issue Price Details

Face value Rs. 10/- each, issued at a premium of Rs. 122/- each

What the company informed the exchanges

• The company has received listing approval from NSE and BSE for 28,21,411 equity shares.
• These shares were allotted on July 10, 2026 on conversion of share warrants that were issued and allotted to promoter and non-promoter category persons on a preferential basis.
• Each share has a face value of Rs. 10/- and was issued at a premium of Rs. 122/-.
• The shares bear distinctive numbers from 29830012 to 32651422.

What the two exchange letters say

• NSE states it has granted in-principle approval, and the shares would be listed and admitted to dealings on receipt of confirmation from the depositories (NSDL/CDSL) for credit of beneficiaries' accounts.
• NSE reserves the right to withdraw its in-principle approval if the information submitted is found to be incomplete, incorrect, misleading or false, or in contravention of rules, bye-laws and regulations.
• BSE states it has granted listing approval, and that trading approval will be granted only after the company files with the Exchange the listing approval from NSE (if applicable) and confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts or admitting the capital to the depository system, along with confirmation letters about lock-in of pre-preferential holding (if applicable).
• BSE also notes that if there is a change exceeding two per cent of the total paid-up share capital, the company shall file the shareholding pattern in XBRL mode.
• As per Schedule XIX of the ICDR Regulations, the company must apply for trading approval within seven working days from the date of grant of listing approval.

What this means in simple terms

• Listing approval is a step before shares already allotted can be admitted to dealings on the exchanges; the shares become tradeable only after depository confirmation and the subsequent trading approval.
• The 28,21,411 shares that were issued on a preferential basis following warrant conversion are the shares covered by this approval, so they form part of the company's listed equity shares.
• The recipients are from both the promoter and non-promoter category of persons, as stated in the company's intimation.
• Until the pending steps are completed, the shares concerned are not yet admitted to dealings.

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