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 approved the allotment of 88,000 equity shares at Rs. 350 each (Rs. 10 face value + Rs. 340 premium), raising Rs. 3.08 crore in total. Shares went to 6 investors — promoter Deniis Desai took 80,000 shares while 5 non-promoter entities/individuals got the remaining 8,000 shares. The allotment follows an August 11, 2025 AGM approval and BSE's in-principle nod dated December 30, 2025. Post-allotment, paid-up equity capital rose from Rs. 50 lakh (5,00,000 shares) to Rs. 58.8 lakh (5,88,000 shares).
Existing shareholders face roughly 17.6% dilution (88,000 new shares on a base of 5,00,000). Heavy promoter participation (Deniis Desai absorbed ~91% of the issue) signals insider confidence, and the company gets a small Rs. 3.08 crore capital infusion — modest in scale but relevant for this small-cap stock.