Reg 30(8) _ trading approval of additional securties
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has received trading approval from BSE for 80,00,000 (80 lakh) equity shares of face value Rs. 10 each, issued at a premium of Rs. 2.80 per share (total issue price Rs. 12.80). These shares were allotted to promoter and non-promoter categories on a preferential basis pursuant to the conversion of warrants. The shares carry distinctive numbers from 45,58,001 to 1,25,58,000 and are admitted to trading on the exchange effective August 14, 2025. The approval came via BSE letter dated August 13, 2025. The company has also changed its name to Afloat Enterprises Limited.
Existing shareholders may see some dilution as these 80 lakh new shares (issued earlier via warrants) now become tradable on the exchange, increasing the public float. The issue price of Rs. 12.80 is a modest premium over face value, which may be viewed neutrally by the market.