Listing approval received for 13,73,625 preferential equity shares at ₹ 2,002/- each

Spectrum Electrical Industries has received listing approval from NSE and BSE for 13,73,625 fully paid-up equity shares of face value ₹ 10/- each, allotted on a preferential basis at ₹ 2,002/- per share (including a premium of ₹ 1,992/-).

Thu 1 Oct 2026

Number of equity shares

13,73,625 fully paid-up equity shares

Face value per share

₹ 10/- each

Issue price per share

₹ 2,002/- per share

Premium per share

₹ 1,992/-

Basis of allotment

preferential basis

Listing approval for preferential allotment shares

Spectrum Electrical Industries has informed NSE and BSE that it has received listing approval for 13,73,625 fully paid-up equity shares of face value ₹ 10/- each. These shares were allotted on a preferential basis at a price of ₹ 2,002/- per equity share, which includes a premium of ₹ 1,992/- per equity share, for cash.

Key figures from the update

• Number of shares: 13,73,625
• Face value: ₹ 10/- per equity share
• Issue price: ₹ 2,002/- per equity share
• Premium: ₹ 1,992/- per equity share
• Basis of allotment: preferential basis

What NSE has said

NSE has granted in-principle approval for listing of 13,73,625 equity shares of Rs. 10/- each allotted on a preferential basis, bearing distinctive numbers from 15713841 to 17087465. NSE has stated that the shares would be listed and admitted to dealings on receipt of confirmation from the depositories, i.e. NSDL/CDSL, for credit of beneficiaries' accounts. NSE has also stated that it reserves the right to withdraw its in-principle approval at a later stage if the information submitted is found to be incomplete/incorrect/misleading/false or in contravention of any rules, bye-laws and regulations.

What BSE has said

BSE has granted listing approval to the listing application made by the company seeking permission for the shares to be dealt in on the Exchange. BSE's letter refers to 13,73,625 equity shares of Rs. 10/- each issued at a premium of Rs. 1992/- each, issued to non-promoters on a preferential basis.

What happens before the shares can be traded

• The shares would be listed and admitted to dealings after confirmation from the depositories for credit of beneficiaries' accounts.
• Trading approval will be granted only after the company files the listing approval from NSE (if applicable) and confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts/admitting the capital to the depository system.
• Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding are also to be shared, if applicable.
• The company is required to apply for trading approval within seven working days from the date of grant of listing approval.
• In case there is a change exceeding two per cent of the total paid-up share capital of the company, the company shall file the shareholding pattern in XBRL mode as required under Regulations 31(1)(c) of SEBI LODR Regulations, 2015.

How an investor can read this

The update is an update on the progress of a preferential allotment already made. It records the number of shares, the face value, the issue price and the premium, and confirms that both exchanges have granted their approvals. What remains is the depository confirmation and the subsequent trading approval, after which the shares are admitted to dealings on the exchanges.

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