Receipt of Trading Approval for 66,000 Equity Shares of Rs. 10/- each issued at a premium of Rs. 11,903/- to Winro Commercial (India) Limited on preferential basis.
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BSE has granted trading approval for 66,000 equity shares of Saraswati Commercial (India) Ltd issued on a preferential basis to Winro Commercial (India) Limited, a promoter group entity. Each share has a face value of Rs. 10 and was issued at a steep premium of Rs. 11,903, making the effective issue price around Rs. 11,913 per share. The shares carry distinctive numbers from 1059594 to 1125593 and are permitted to trade on the exchange from May 5, 2025. The company informed the exchange of this approval under SEBI Listing Regulations. The transaction strengthens the promoter group's equity holding in the company.
Existing public shareholders will see a marginal dilution due to the new share issuance, but the very high premium paid by the promoter group signals strong internal confidence in the company's valuation. No immediate negative impact on minority shareholders, as the capital infusion comes at a substantial premium.