Intimation of receipt of Listing Approval for 77,30,000 equity shares of face value Re. 01/- each on preferential basis pursuant to conversion of warrants.
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Awaiting price reaction for this filing.
Dhansafal Finserve has received BSE listing approval for 77.30 lakh equity shares of face value Re. 1 each. These shares were issued at a premium of Rs. 3.31 per share, meaning an issue price of Rs. 4.31 per share. The shares were allotted to promoters and non-promoters on a preferential basis after conversion of warrants. This is a routine post-allotment listing approval filing under SEBI LODR regulations. The dilution to existing shareholders is roughly 77.30 lakh new shares added to the company's share base.
This is a procedural listing approval and does not directly affect stock price. However, it increases the total share count, leading to mild equity dilution for existing shareholders. Watch for trading volume changes once these shares begin trading on BSE.