Intimation of receipt of BSE in-Principle approval under Reg 28(1) of SEBI (LODR) Regulations, 2015 for issue of 23535491 warrants convertible into 23535491 equity shares of face value ....
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Awaiting price reaction for this filing.
Vaghani Techno-Build Limited has received BSE's in-principle approval to issue 2,35,35,491 convertible warrants on a preferential basis. Each warrant is convertible into one equity share of Rs. 10 face value, at an issue price of not less than Rs. 11 per warrant (a small premium over face value). The warrants will be allotted to promoters as well as non-promoters through a private placement route. The approval was granted on April 28, 2025, and the company must now complete allotment and file a listing application within 20 days of allotment.
This is a capital-raising move that will dilute existing shareholders once the warrants are exercised into equity shares, potentially increasing the total share count by around 2.35 crore shares. The stock could see short-term pressure on the announcement, but the actual impact depends on how the fresh capital is deployed by the company.