The Board of Directors of the Company at their meeting held today i.e., Thursday, 8th January, 2026 has considered and approved the Allotment of 88,000 (Eighty Eight Thousand) Equity Shares ....
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The Board of Devinsu Trading Limited approved the allotment of 88,000 equity shares at Rs. 350 per share (face value Rs. 10, premium Rs. 340), raising Rs. 3.08 crore in total. Of these shares, 80,000 were allotted to the promoter group (Deniis Desai) and 8,000 to five non-promoter entities/individuals. The allotment was done on a preferential basis following shareholder approval at the August 11, 2025 AGM. As a result, the company's paid-up equity capital rose from Rs. 50 lakh to Rs. 58.80 lakh, with total shares increasing from 5,00,000 to 5,88,000.
This is a small, promoter-led capital infusion that modestly expands the share base (about 17.6%). For shareholders, the dilution is minor, but the high issue price (Rs. 350 vs face value Rs. 10) signals a premium valuation being placed on the stock. Given the tiny market cap and concentrated allotment to the promoter, the stock's liquidity and trading could see limited change.