Intimation regarding receipt of In-Principle approval under Regulation 28(1) of SEBI (LODR) Regulations, 2015
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Sanrhea Technical Textiles Ltd has received In-Principle approval from BSE (dated 30 April 2025) for issuing 6,90,000 equity shares of Rs. 10 face value each to its Promoters on a preferential basis. The shares will be allotted at a price of not less than Rs. 52 per share, meaning the total issue size is approximately Rs. 3.59 crore at the floor price. This is a preferential allotment, not a public issue, and the money is being brought in by the existing Promoter group. The In-Principle approval is only a preliminary clearance from the exchange; the company still needs to complete allotment and apply for final listing within 20 days of allotment.
This is a small promoter-funded capital infusion (around Rs. 3.6 crore at floor price) which signals promoter confidence and may slightly dilute minority shareholders but is generally viewed positively as it strengthens the company's balance sheet. Stock price impact is likely to be limited given the modest size of the issue.