Niraj Cement Structurals Limited has informed the Exchange regarding 'Receipt of In - Principle approval for listing of 33,00,000 Equity shares of Rs. 10/- each allotted pursuant to conversion of warrants allotted on preferential basis'.
NIRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Niraj Cement Structurals has received in-principle approval from both BSE (dated June 17, 2025) and NSE (dated May 15, 2025) to list 33,00,000 equity shares of Rs. 10 each. These shares were issued at Rs. 53 per share (a premium of Rs. 43 over face value), raising approximately Rs. 17.49 crore in total. The shares were allotted to the company's Promoters following the conversion of warrants that were originally issued on a preferential basis. The final trading approval is pending credit confirmation from NSDL/CDSL depository accounts.
This is a routine regulatory step following a promoter-led preferential warrant conversion. Shareholders may see a slight dilution of their holding as 33 lakh new shares enter the system, but since these are being subscribed by promoters (not outside investors), it signals promoter confidence and commitment of capital into the company.