Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') (as amended), we wish ....
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Shree Pacetronix Ltd has received listing approval from BSE for 75,150 equity shares of Rs. 10 each, issued at a premium of Rs. 71 per share. The shares were allotted to Mr. Akash Sethi, a Promoter of the company, on a preferential basis following the conversion of warrants. The total capital raised through this issuance is Rs. 60.83 lakh (75,150 shares × Rs. 81). BSE has granted listing approval but trading approval is pending submission of NSDL/CDSL confirmation letters regarding share crediting and lock-in status of pre-preferential holdings.
Promoter holding has increased due to warrant conversion, which is a routine equity dilution event. The dilution is marginal as it represents a small number of shares relative to total paid-up capital. No immediate material impact on stock price expected from this filing alone.