Please find attached intimation regarding receipt of in-principle approval for issue of convertible warrants.
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Awaiting price reaction for this filing.
Paradeep Parivahan Ltd has received in-principle approval from BSE to issue 10,40,000 fully convertible equity warrants on a preferential basis at Rs. 156.46 per warrant (face value Rs. 10 each). The warrants will be allotted to both Promoters and Non-Promoter categories. This is a regulatory clearance step — the company still needs to complete allotment and file a separate listing application within 20 days of allotment. Total potential fundraising from this issue, if fully converted, is roughly Rs. 16.27 crore.
This is a procedural approval and does not change the company's fundamentals yet. Shareholders should expect some dilution if promoters and non-promoters exercise the warrants, but actual allotment is still pending. The stock may see mild short-term interest given the capital-raising plan, though the scale is relatively small.