Trading Approval received for 1649840 equity shares alloted on preferential basis
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Coromandel Engineering Company has received trading approval from BSE for 16,49,840 equity shares issued on a preferential basis at Rs. 40.05 per share (Rs. 10 face value plus Rs. 30.05 premium). These shares, allotted to promoters and non-promoters, are now listed and available for trading on the exchange from September 4, 2025. The shares carry distinctive numbers from 33233599 to 34883438. This marks the formal completion of listing formalities for the preferential allotment, allowing these shares to be traded freely on BSE.
The listing of these new shares increases the total share count and may create short-term selling pressure depending on who received the allotment. Existing shareholders should note potential dilution from the new equity issuance.