Intimation of receipt of Listing Approval for 1,94,70,000 equity shares of face value Re.01/- each on preferential basis pursuant to conversion of warrants.
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Dhansafal Finserve Ltd has received listing approval from BSE for 1,94,70,000 equity shares (face value Re. 1 each) issued at a premium of Rs. 3.31 per share on a preferential basis to Promoter and Non-Promoter allottees. These shares were issued pursuant to the conversion of previously allotted warrants, meaning warrant holders exercised their right to acquire equity shares. The total issue price works out to approximately Rs. 4.31 per share, implying an aggregate consideration of around Rs. 8.39 crore. With listing approval now received, these shares will become tradable on BSE, potentially increasing the company's public float and equity base.
Shareholders should note a potential increase in the outstanding share count, which could lead to equity dilution. Existing shareholders may see their proportionate holding reduced unless they participated in the warrant conversion. The infusion of around Rs. 8.39 crore also strengthens the company's capital base.