Please find enclosed intimation regarding receipt of Listing Approval from BSE Limited on 10.04.2026 for listing of 2,800,000 Equity Shares issued pursuant to conversion of Warrants.
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Modern Dairies Ltd has received listing approval from BSE for 28 lakh equity shares of Rs. 10 each issued at a premium of Rs. 40 per share (total issue price Rs. 50). These shares were issued to Promoters and Promoter Group through conversion of warrants on a preferential basis. The allotment was approved in February 2026 following all applicable SEBI and Companies Act 2013 regulations. BSE's approval dated April 10, 2026 confirms the shares can now be listed and traded. This increases the company's paid-up equity capital as warrants have been converted into permanent equity.
This represents promoter dilution through warrant conversion, increasing total shares outstanding. While positive for promoter stake, it dilutes existing shareholders' ownership percentage. The new shares will start trading shortly, which could temporarily impact stock liquidity dynamics.