Intimation of receipt of listing approval for 54,84,000 Equity shares issued on Preferential basis.
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Comfort Fincap Ltd has received listing approval from BSE for 54,84,000 equity shares of face value Rs. 2 each, issued at a premium of Rs. 7 per share (total issue price of Rs. 9 per share). These shares were allotted on a preferential basis to Promoters and Non-Promoters pursuant to the conversion of warrants. The BSE approval was granted vide letter dated April 9, 2025. With these new shares getting listed, the company's equity capital will increase, resulting in dilution for existing shareholders. The conversion of warrants into equity shares means the warrant holders have now exercised their right to acquire shares in the company.
Existing shareholders will experience equity dilution as 54.84 lakh new shares are added to the listed capital. The Rs. 9 per share conversion price serves as a reference benchmark, and increased float may put mild short-term pressure on the stock price.