Intimation of In-Principle approval received from BSE Limited under Regulation 30 of SEBI (LODR) Regulations, 2015
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Shyamkamal Investments Ltd has received in-principle approval from BSE for issuing 3,68,65,000 equity shares of Rs. 10 each (totalling approximately Rs. 36.87 crore) on a preferential basis to non-promoters against conversion of loans. BSE granted the approval on September 19, 2025, and the company informed the exchange on September 25, 2025. The shares will be allotted at a price not less than Rs. 10 per share. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees to prevent any non-compliant trading. The company must complete allotment and file for listing within the timelines prescribed under SEBI ICDR regulations.
This preferential allotment converts debt into equity, potentially easing the company's repayment burden but diluting existing shareholders. Shareholders should note the expansion of equity base by 3.68 crore shares (subject to existing capital) and the entry of non-promoter lenders as shareholders. The stock may see some pressure due to the dilutive nature of the issuance, though loan-to-equity conversion can improve the company's balance sheet.