Intimation of receipt of listing approval for 76,76,000 Equity Shares issued on Preferential basis.
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Comfort Fincap Ltd has received BSE listing approval for 76,76,000 equity shares of face value Rs. 2/- each, issued at a premium of Rs. 7/- per share (effective issue price of Rs. 9/-) on a preferential basis to Promoters and Non-Promoters. These shares were issued pursuant to the conversion of warrants previously allotted. With the listing approval now in hand, these new shares will become tradable on BSE under scrip code 535267. This is a procedural disclosure following the actual allotment, as SEBI listing rules require intimation once exchange approval is received.
Existing shareholders will see dilution of their holdings as 76,76,000 new shares get added to the company's equity base. The relatively low issue price (Rs. 9/-) compared to typical market prices for small-cap NBFCs could create mild near-term supply pressure once these shares begin trading, though the warrant conversion itself was likely pre-priced and disclosed earlier.