Niraj Cement Structurals Limited has informed the Exchange regarding 'Receipt of In - Principle approval for listing of 53,60,000 Equity shares of Rs. 10/- each allotted pursuant to conversion of warrants allotted on preferential basis'.
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Niraj Cement Structurals has received in-principle approval from both BSE (dated July 17, 2025) and NSE (dated June 27, 2025) to list 53,60,000 equity shares of Rs. 10 each at an issue price of Rs. 53 per share (a premium of Rs. 43). These shares were allotted to Promoters and Non-Promoters upon conversion of warrants that had been originally issued on a preferential basis. The shares will be admitted to trading once the company files confirmation from NSDL/CDSL about credit to beneficiary accounts and complies with SEBI ICDR regulations. The total value of the issuance comes to roughly Rs. 28.41 crore.
This is a procedural listing approval for shares that were already allotted via warrant conversion, so no fresh capital is being raised now. Shareholders should expect a modest increase in the share count (dilution), but the approval simply paves the way for these shares to start trading on the exchanges.