BSESimran Farms LtdMediumNeutral
Announced Thu, 23 Apr · 19:00 IST

The Company hereby submits receipt of Listing Approval from the BSE for 10,18,300 equity shares of Rs. 10/- each issued to promoters and non-promoters on preferential basis pursuant to ....

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Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹169.95
prior close
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-4.1-7.0-5.9-7.7-6.4-0.0-1.9+3.6-6.7-10.6
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AI summary

Simran Farms Ltd has received listing approval from BSE for 10,18,300 equity shares of Rs. 10 each issued at a premium of Rs. 145. The shares were issued to both promoters and non-promoters on a preferential basis through conversion of warrants. This follows an earlier allotment disclosed on March 30, 2026. The total issue value is approximately Rs. 15.78 crore at the given pricing. Trading approval is pending NSDL/CDSL confirmation for crediting shares to beneficiary accounts and lock-in compliance verification.

Likely market impact

The newly issued shares will increase the company's paid-up capital once trading approval is granted. This represents dilution for existing shareholders as warrants have been converted into equity at Rs. 155 per share (including premium).