Bombay Super Hybrid Seeds Limited has informed the Exchange regarding 'Receipt of In-principle Approval received from BSE Limited for Listing of 10,49,37,280 Equity Shares of Rs.1/- each on the Exchange under Direct Listing.'.
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Bombay Super Hybrid Seeds Limited has received in-principle approval from BSE Limited to list 10,49,37,280 equity shares of Rs.1/- each on BSE via the Direct Listing route. The approval was granted on April 24, 2026 by BSE's Internal Regulatory Oversight and Review Group (IRORG), following an application filed on March 13, 2026. The company must complete all listing formalities, including signing the Listing Agreement (stamp duty Rs.500), paying initial listing fees of Rs.20,000 and annual fees of Rs.2,85,000, and submitting shareholding patterns, audited reports, and board details. The company has also committed not to make further capital issues or alter promoter shareholding until trading commences on BSE. The approval is valid for 45 days.
This marks the company's expansion from NSE to a dual listing on BSE, potentially increasing liquidity and investor reach. The Direct Listing route avoids typical IPO mechanisms, meaning no fresh capital is being raised at this stage. The large volume of shares (~10.49 crore) listing at a Rs.1 face value indicates significant shareholder dilution that the market will need to absorb.