VIVaswani Industries533576Preferential allotment

Board approves preferential allotment of 16.45 lakh equity shares to promoters

Board approved allotment of 16.45 lakh equity shares on a preferential basis.

By ScoutQuest · Fri 23 Oct 2026, 2:06 PM IST · 3 min read

Shares Allotted

16.45 lakh equity shares on a preferential basis

Issue Price

Rs. 60/- per share (face value Rs. 10/- plus premium Rs. 50/-)

Amount Received

Rs. 9.87 crore

Board meeting outcome

• The Board of Directors met on October 23, 2026, from 01:00 P.M. to 01:30 P.M. and approved the allotment of equity shares on a preferential basis.
• The allotment follows in-principle approvals received from BSE Limited and the National Stock Exchange of India Limited, both dated October 12, 2026.

What was allotted

• 16.45 lakh fully paid-up equity shares of face value Rs. 10/- each.
• Issue price of Rs. 60/- per equity share, which includes a share premium of Rs. 50/- per share. The update states the issue price is not less than the minimum price determined under Chapter V of the SEBI ICDR Regulations.
• Distinctive numbers from 3,29,46,154 to 3,45,91,153 (both inclusive).
• Total consideration received: Rs. 9.87 crore, received as full application money.
• The new shares rank pari passu, in all respects, with the existing equity shares of the company.

Who received the shares (all Promoter / Promoter Group)

• Mr. Ravi Vaswani: 394460 shares, Rs. 2,36,67,600
• Mr. Yashwant Ravi Vaswani: 394450 shares, Rs. 2,36,67,000
• Mr. Kushal Vaswani: 394450 shares, Rs. 2,36,67,000
• Smt. Manisha Vaswani: 153845 shares, Rs. 92,30,700
• Smt. Sudha Vaswani: 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

Share capital impact

• Paid-up capital has increased from ~₹32.95 crore (~3.29 crore equity shares of face value ₹ 10/- each fully paid up) to ~₹34.59 crore (~3.46 crore equity shares of face value ₹ 10/- each fully paid up).

Lock-in

• The shares issued and allotted on a preferential basis are locked in for a period of 18 (Eighteen) months from the date of trading approval granted for the specified securities, in accordance with Regulation 167 (1) of the ICDR Regulations.
• The entire pre-preferential allotment shareholding of the allottees, if any, is locked in from the relevant date up to a period of 90 (Ninety) trading days from the date of trading approval, in accordance with Regulation 167 (6) of the ICDR Regulations.

Holdings before and after the allotment

• 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: 0 shares (0%) before, 76975 shares (0.22%) after
• Smt. Jyotsna Vaswani: 0 shares (0%) before, 76975 shares (0.22%) after

What this means for a retail shareholder

• The company has brought in Rs. 9.87 crore in cash by issuing new shares, so the total number of shares in issue has gone up from 3,29,46,153 to 3,45,91,153.
• Because the buyers are the promoters and promoter group, their combined holding in the company has moved up; the annexure shows each allottee's individual holding before and after.
• A larger share count means each existing share represents a slightly smaller slice of the company than before, while the company's capital base has grown by the amount received.
• The newly issued shares cannot be sold until the lock-in period ends, so they will not add to freely tradable supply during that period.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev