Pursuant to Regulation 28(1) and Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that BSE Limited, vide its Letter LOD/PREF/TT/FIP/1280/2025-26 dated 02-12-2025, has ....
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Awaiting price reaction for this filing.
Emerald Leisures Ltd has received in-principle approval from BSE for issuing 29,68,000 convertible warrants to promoters and non-promoters on a preferential basis. Each warrant is convertible into one equity share of Rs. 5 face value at an issue price of Rs. 225, which includes a premium of Rs. 220 per share. The total potential issue size works out to approximately Rs. 66.78 crore if all warrants are converted. The BSE approval is dated December 2, 2025, and the company has been advised to comply with SEBI ICDR and LODR regulations, including obtaining undertakings from allottees to prevent any non-compliant trading.
This is a procedural approval rather than a final allotment — the company now needs to complete the allotment and make a listing application within 20 days. If all warrants are converted, the promoter and non-promoter shareholding will increase, potentially leading to equity dilution for existing shareholders.