The Company has received In-Principle approval from BSE Limited vide its letter dated June 01, 2026 for issuance of 2,15,00,000 equity shares of Rs. 10 each at a price not less than 10.35/- ....
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Arcee Industries has received BSE in-principle approval to allot 2,15,00,000 (2.15 crore) equity shares of face value ₹10 each at an issue price of ₹10.35 per share to non-promoter allottees on a preferential basis. As confirmed by the BSE letter, this allotment is specifically pursuant to the conversion of previously issued warrants, not a fresh fundraising round. The total value of the issuance works out to approximately ₹22.25 crore. The company must now complete post-issue listing formalities within 20 days of allotment and obtain undertakings from allottees restricting trading in the scrip until the allotment date, as per SEBI ICDR Regulations.
This is a procedural approval tied to warrant conversion rather than fresh capital raising, so no new money is being raised from the market. However, the share base will expand by 2.15 crore shares, leading to dilution for existing shareholders. The thin ₹0.35 premium over face value indicates the original warrants had a low strike price, which is mildly negative for existing equity holders.