Intimation of Listing Approval received by the Company from BSE Limited for listing of 1,77,00,000 shares of Rs.10/- at par issued to non promoter on preferential basis
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Jolly Plastic Industries Ltd has received listing approval from BSE for 17,700,000 equity shares of Rs. 10 each, issued at par to non-promoters via a preferential allotment. The shares bear distinctive numbers 66,76,401 to 2,43,76,400. Trading approval will be granted only after the company submits confirmation letters from NSDL/CDSL regarding crediting of shares and lock-in of pre-preferential holdings, along with any NSE listing approval if applicable. The company must apply for trading approval within seven working days as per SEBI ICDR regulations.
This is a significant equity dilution for existing shareholders — the new share issuance substantially increases the company's paid-up capital. The shares issued to non-promoters at par represent a notable transfer of ownership to new investors.