We hereby inform your good self that the Company has received the listing approval for from BSE Limited for listing of 2293400 equity shares issued to promoters and non promoters.
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Awaiting price reaction for this filing.
Gowra Leasing & Finance has received BSE approval to list 22,93,400 equity shares that were issued earlier on a preferential basis to promoters and non-promoters. These shares have a face value of Rs. 10 each and were issued at a premium of Rs. 110, meaning an issue price of Rs. 120 per share — implying a total raise of roughly Rs. 27.5 crore. The new shares carry distinctive numbers from 5454451 to 7747850. Trading in these shares will only start after the company submits depository (NSDL/CDSL) credit confirmation and any applicable NSE approval. Until then, the shares are approved for listing but not yet tradable on the exchange.
Existing shareholders may see a dilution of their stake once these new shares begin trading, as the preferential shares were issued at Rs. 120 per share. The stock price could face short-term supply pressure once trading approval comes through, though the Rs. 120 issue price gives a reference floor for valuation.