Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, Company has received Listing Approval Letter from BSE ....
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Kranti Industries has received listing approval from BSE for 2,50,000 equity shares of ₹10 each, issued at a premium of ₹70 per share. These shares were allotted to Evolution Capital Advisory Services Private Limited, a non-promoter entity, on a preferential basis following the conversion of warrants. The shares carry distinctive numbers from 12510401 to 12760400. Trading approval is still pending and will be granted once the company files confirmation from NSDL/CDSL about share crediting and NSE approval, if applicable. The company must comply with Regulation 167 of SEBI ICDR Regulations and has been reminded to apply for trading approval within seven working days as per SEBI circular dated June 21, 2023.
This is a routine regulatory update confirming that shares issued via warrant conversion to a non-promoter have received exchange listing approval. Shareholders should note a modest dilution of about 2,50,000 shares, but the economic impact is limited as the shares were already allotted upon warrant conversion. No direct material impact on stock price is expected from this intimation alone.