VIVaswani Industries533576Preferential allotment

Board approves allotment of 16.45 lakh equity shares on preferential basis to promoters

Vaswani Industries has allotted 16.45 lakh fresh equity shares to promoters and promoter group on a preferential basis.

By ScoutQuest · Fri 23 Oct 2026, 2:02 PM IST · 3 min read

Shares allotted

16,45,000 equity shares at Rs. 60 per share (face value Rs. 10 + premium Rs. 50)

Application money received

Rs. 9.87 crore in cash

Revised paid-up capital

~₹32.95 crore to ~₹34.59 crore; total shares from 3,29,46,153 to 3,45,91,153

Vaswani Industries Ltd informed the exchanges that its Board of Directors, at a meeting held on October 23, 2026, approved the allotment of 16.45 lakh fully paid-up equity shares on a preferential basis to promoters and promoter group allottees, against receipt of the full application money in cash.

The update refers to shareholders' approval through a postal ballot and to in-principle approvals received from BSE Limited and the National Stock Exchange of India Limited.

What the numbers say

• Shares allotted: 16,45,000, bearing distinctive numbers from 3,29,46,154 to 3,45,91,153 (both inclusive).
• Issue price: Rs. 60/- per share, comprising a face value of Rs. 10/- and a share premium of Rs. 50/- per share.
• Total subscription money received: Rs. 9.87 crore (Rupees Nine Crore Eighty-Seven Lakhs).
• The update states the issue price is not less than the minimum price determined under Chapter V of the SEBI ICDR Regulations.
• Paid-up capital rose from ~₹32.95 crore (~3.29 crore equity shares of face value ₹ 10/- each) to ~₹34.59 crore (~3.46 crore equity shares of face value ₹ 10/- each).

Who received the shares

• Mr. Ravi Vaswani (Promoter): 394460 shares, Rs. 2,36,67,600
• Mr. Yashwant Ravi Vaswani (Promoter): 394450 shares, Rs. 2,36,67,000
• Mr. Kushal Vaswani (Promoter): 394450 shares, Rs. 2,36,67,000
• Smt. Manisha Vaswani (Promoter): 153845 shares, Rs. 92,30,700
• Smt. Sudha Vaswani (Promoter): 153845 shares, Rs. 92,30,700
• Smt. Tanya Vaswani (Promoter Group): 76975 shares, Rs. 46,18,500
• Smt. Jyotsna Vaswani (Promoter Group): 76975 shares, Rs. 46,18,500

That is five allottees in the Promoter category and two in the Promoter Group category, seven in total.

Lock-in

• The newly allotted shares are locked in for 18 months from the date of trading approval granted for the securities, in terms of Regulation 167 of the ICDR Regulations.
• The entire pre-preferential shareholding of the allottees, if any, is locked in from the relevant date up to 90 trading days from the date of trading approval.

Shareholding before and after the allotment, as given in the update

• Mr. Ravi Vaswani: 8877160 shares (26.94%) before, 9271620 shares (26.80%) after.
• Mr. Yashwant Ravi Vaswani: 3310840 shares (10.05%) before, 3705290 shares (10.07%) after.
• Mr. Kushal Vaswani: 1761153 shares (5.35%) before, 2155603 shares (6.23%) after.
• Smt. Manisha Vaswani: 2322175 shares (7.05%) before, 2476020 shares (7.16%) after.
• Smt. Sudha Vaswani: 4113825 shares (12.49%) before, 4267670 shares (12.34%) after.
• Smt. Tanya Vaswani: nil (0%) before, 76975 shares (0.22%) after.
• Smt. Jyotsna Vaswani: nil (0%) before, 76975 shares (0.22%) after.

How to read this

• This is fresh equity issued for cash, so the money comes into the company. It is not a sale of shares by existing holders.
• Because the total number of shares in issue goes up, every existing shareholder's stake is spread over a larger base. In the update's table the individual promoter percentages move only slightly, and in both directions, because the buyers are themselves part of the promoter group.
• The new shares rank pari passu with the existing equity shares, meaning the same rights to dividend and voting as existing shares.
• The lock-in means the allottees cannot sell these shares until the stated period from trading approval has passed.

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