Intimation of Trading Approval Received for Allotment of 30,12,010 Fully Paid-Up Equity Shares
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Darjeeling Industriies Ltd (formerly Darjeeling Ropeway Company Limited) has received BSE trading approval for 30,12,010 fully paid-up equity shares of Rs. 10 each, issued at a premium of Rs. 6.80 per share. The shares were allotted to Non-Promoters on a preferential basis pursuant to the conversion of warrants. The shares are listed for trading effective from March 17, 2026, with distinctive numbers from 4850001 to 7862010. The company had made an in-principle application on October 25, 2024, and the BSE approval letter has been enclosed with the intimation.
The listing of these shares increases the company's public float and tradeable equity base, which may lead to short-term dilution for existing shareholders. However, it also reflects the warrant holders' confidence in exercising their conversion rights at a premium.