Pursuant to the provision of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements)Regulations, 2015 we wish to inform that BSE Limited ....
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Sattrix Information Security Ltd has received listing approval from BSE for 45,48,379 equity shares of Rs. 10 each issued at a price of Rs. 347 per share (including a premium of Rs. 337). These shares were allotted to Promoters and Non-Promoters on a preferential basis pursuant to a Share Swap arrangement. The shares carry distinctive numbers from 68,00,001 to 1,13,48,379. Trading approval is still pending and will be granted after the company files NSE approval (if applicable) and NSDL/CDSL confirmation letters regarding share credit and lock-in of pre-preferential holdings.
This is a procedural update confirming that previously allotted shares (via share swap) can now be listed on BSE. Once trading approval is received, these shares will become tradeable, potentially increasing the float. Share swap-based allotments typically don't involve fresh capital infusion but may dilute existing shareholders slightly depending on the swap ratio.