Intimation of Listing Approval as Attached
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Awaiting price reaction for this filing.
Fervent Synergies has received approval from BSE to list 62,50,000 equity shares of face value Rs. 10 each issued at par. These shares are being issued to promoters and non-promoter group on a preferential basis following the conversion of share warrants. The shares carry distinctive numbers from 43750001 to 50000000. Trading approval is still pending and will be granted only after the company submits the NSE listing approval (if applicable), NSDL/CDSL confirmation of share credit to beneficiary accounts, and any required lock-in confirmation.
This is a procedural step where previously issued warrants are now converting into equity shares, increasing the share count and potentially diluting existing shareholders. The new shares are not yet tradable on the exchange and require additional confirmations before trading begins.