Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015, the Company informs about receipt of trading approval for equity shares under preferential basis
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CWD Ltd has received trading approval from BSE for 4,87,556 equity shares that were issued to non-promoters on a preferential basis. Each share has a face value of ₹10 and was issued at a steep premium of ₹897, taking the effective issue price to ₹907 per share. These shares will be tradable on BSE starting July 15, 2025. The total capital raised from this tranche is roughly ₹44.2 crore. This is purely an administrative update confirming that the new shares can now be bought and sold on the exchange.
Shareholders should note an increase in the total share count due to this preferential issue, which may lead to some dilution. The very high premium suggests strong valuation, but retail investors should watch for any lock-in expiry events in the coming quarters that could increase supply on the exchange.