Intimation of Listing Approval received from BSE Ltd for 19,33,324 equity shares of Rs. 10/- each issued at a premium of Rs. 35/- per shares bearing distinctive no. from 43,00,001 to 62,33,324 ....
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Spice Islands Industries Ltd has received listing approval from BSE for 19,33,324 equity shares of face value Rs. 10 each, issued at a premium of Rs. 35 per share (total issue price Rs. 45). These shares were allotted to non-promoters on a preferential basis pursuant to the conversion of warrants. The shares carry distinctive numbers from 43,00,001 to 62,33,324. The company has informed BSE under SEBI Listing Regulations, and BSE has acknowledged receipt and noted that trading approval will follow once NSE approval (if applicable) and other SEBI-mandated documents are filed. The company was earlier known as Spice Islands Apparels Limited.
This increases the company's equity base, which may dilute existing shareholders' stakes slightly. For the stock, this is a routine procedural step — the shares will become tradeable only after trading approval is granted, so no immediate price impact is expected.