Receipt of Listing Approval from BSE Limited for 66,000 Equity Shares of Rs. 10/- each issued at a premium of Rs. 11,903/- to Winro Commercial (India) Limited issued on Preferential Basis.
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Saraswati Commercial India Ltd has received listing approval from BSE for 66,000 equity shares of face value Rs. 10 each, issued at a hefty premium of Rs. 11,903 per share to Winro Commercial (India) Limited, a promoter group entity. The shares were allotted on a preferential basis and carry distinctive numbers from 1059594 to 1125593. Trading approval is still pending and will be granted once the company files confirmation of share credit into NSDL/CDSL accounts and any applicable lock-in confirmations. The company has been asked to apply for trading approval within seven working days of the listing approval date.
This is a small preferential issue (66,000 shares) to an existing promoter group entity at a very high premium, so there is no material dilution or new capital raising from the public. Shareholders should note that these shares will become tradeable once trading approval is granted, and any lock-in on pre-preferential promoter holdings will continue to apply as per SEBI rules.