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 88000 Equity shares on preferential allotment basis.
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The board of Devinsu Trading Ltd approved the allotment of 88,000 equity shares at Rs. 350 each (face value Rs. 10 + premium of Rs. 340) on a preferential basis, raising Rs. 3.08 crore in total. Promoter Deniis Desai (categorized as Strategic Investor) received 80,000 shares, while the remaining 8,000 shares went to five non-promoter allottees. As a result, the company's paid-up equity capital rose from Rs. 50 lakh (5,00,000 shares) to Rs. 58.80 lakh (5,88,000 shares). BSE had already granted in-principle approval for the preferential issue in December 2025, and the allotment follows an earlier shareholder approval at the AGM held on August 11, 2025.
Existing shareholders will face a small dilution of roughly 17.6% on share count and around 6.16% on capital (since shares were issued at a steep premium). The capital raise is modest but signals promoter commitment, with the promoter himself taking up the bulk of the issue.