BSE approves listing of 48,00,000 preferential equity shares after warrant conversion
Suditi Industries has received BSE's listing approval for 48 lakh new equity shares.
By ScoutQuest · · 2 min read
- Shares Approved for Listing
- 48,00,000 preferential equity shares
- Face Value and Issue Price
- Face value Rs. 10/- each, issued at a premium of Rs. 17.50/- each
- Distinctive Numbers
- 4,96,07,025 to 5,44,07,024
BSE has cleared the listing of 48 lakh new equity shares of Suditi Industries, issued to promoters and non-promoters on a preferential basis after warrants were converted into shares.
What has been approved
- 48 lakh equity shares.
- Face value of Rs. 10/- each.
- Issued at a premium of Rs. 17.50/- each.
- Distinctive numbers from 4,96,07,025 to 5,44,07,024.
- Allottees: promoters and non-promoters, on a preferential basis, pursuant to conversion of warrants.
Why it matters to a retail holder
- These are fresh shares being added to the listed base, so the total number of shares in circulation goes up.
- Because they are allotted to a selected set of investors rather than sold in the open market, existing shareholders' stake in the company becomes proportionally smaller. That is the normal effect of a preferential allotment.
- The shares move one step closer to being tradable, but listing approval is not the same as trading approval.
What still has to happen
- Trading approval for these shares will be granted only after the company files the listing approval from the National Stock Exchange of India Ltd. (if applicable).
- It must also file confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts and 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 the listing approval.
Shareholding disclosure point
- If the change exceeds two per cent of the total paid-up share capital of the company, the shareholding pattern has to be shared in XBRL mode under Regulations 31(1)(c) of SEBI LODR Regulations, 2015.
In short, this is a step forward in the warrant-to-share process: the shares are approved for listing, the count of shares rises, and trading of these shares depends on the pending confirmations and the trading approval.
Also from Suditi Industries
Investor presentation: FY26 revenue INR 1,213 Mn, EBITDA margin 11.05%, Q1-FY27 margin 16.09%
23 Oct 2026
More numbers
- Equity shares approved for listing48,00,000
- Face value per equity shareRs. 10/-
- Premium per equity shareRs. 17.50/-
- First distinctive number4,96,07,025
- Last distinctive number5,44,07,024
- Deadline to apply for trading approvalseven working days
- Shareholding change threshold for XBRL updatetwo per cent
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