Please find attached herewith announcement under Reg 30 of SEBI (LODR),2015 for receipt of in principle approval for issue and allotment of 16,00,000 convertible warrants.
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Pune E-Stock Broking Limited has received BSE's in-principle approval for issuing 16,00,000 convertible warrants to promoter and non-promoter categories on a preferential basis. Each warrant will convert into one equity share of face value ₹10 at an issue price of ₹234 per warrant. The total fundraising amounts to ₹37.44 crore (₹37,44,00,000). The warrants are being issued for cash consideration. The company must apply for listing within 20 days of allotment per SEBI ICDR regulations.
The preferential issuance of warrants to both promoters and non-promoters indicates potential dilution of approximately 16 lakh shares. The ₹234 issue price (23.4x face value) suggests investor confidence. Existing shareholders may face dilution but the capital infusion of ₹37.44 crore could strengthen the company's balance sheet for business growth.