Intimation of Trading Approval
Price
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Awaiting price reaction for this filing.
Mrugesh Trading Limited has received trading approval from BSE for 72,00,00,000 (72 crore) fully paid-up equity shares of Re. 1 each, issued to non-promoters on a preferential basis pursuant to the conversion of warrants. The shares have been listed and are available for trading on the exchange with effect from February 18, 2026. The original application for this preferential issue was filed way back on May 28, 2024, meaning it took nearly two years to get the final trading approval. This is a very large share issuance relative to typical small-cap companies and represents a significant expansion of the company's equity base. Shareholders should note the substantial increase in the total number of outstanding shares, which could have a dilution effect on existing holdings.
Massive share issuance (72 crore shares) will significantly increase the equity base, leading to dilution for existing shareholders. Watch for potential supply pressure on the stock once these shares start trading freely.