Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), We further wish to inform you that ....
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Awaiting price reaction for this filing.
Beezaasan Explotech has allotted 22.30 lakh fully paid-up equity shares at Rs. 236 per share (face value Rs. 10, premium Rs. 226), aggregating to about Rs. 52.64 crore. The allotment is on a preferential basis, for consideration other than cash, as payment for acquiring 34.48% stake in Asawara Earthtech Limited through a share swap arrangement. All 7 allottees belong to the Promoter and Promoter Group (individuals and HUFs), and their combined post-allotment holding remains roughly the same as before, indicating the new shares were issued against shares contributed in Asawara Earthtech. As a result, the company's paid-up equity capital increases from Rs. 12.92 crore (1.29 crore shares) to Rs. 15.15 crore (1.51 crore shares), a dilution of about 17% for existing public shareholders.
This is a non-cash preferential issue to promoter group entities, so no fresh external capital is raised — existing minority shareholders face dilution of roughly 17%. The deal is effectively a share-swap acquisition of Asawara Earthtech, with no immediate cash flow impact, and the stock price is unlikely to move sharply on the news since the dilution is to insiders, not outside investors.