Intimation of receipt of Trading Approval
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE has granted trading approval for 6,82,00,000 (6.82 crore) equity shares of Rs. 10 face value issued at a premium of Rs. 19.25 per share to promoters and non-promoters on a preferential basis. The shares bear distinctive numbers from 17213601 to 85413600 and will be tradeable on the exchange effective Wednesday, March 18, 2026. The company's existing share count was approximately 1.72 crore, meaning this allotment increases the total share base by nearly 4 times, representing massive dilution. This is a regulatory follow-up announcement after the company completed the preferential allotment, confirming these shares can now actively trade on BSE.
Shareholders should expect significant dilution as the share count expands roughly 4-fold. Once these shares begin trading, there could be meaningful selling pressure on the stock, especially if allottees look to exit their positions.