Intimation of Trading Approval for 1933324 equity shares of face value of Rs. 10/- each allotted pursuant to conversion of warrants issued on preferential basis from BSE Limited
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Spice Islands Industries Ltd has received trading 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 Rs. 45 per share). These shares were allotted to non-promoters on a preferential basis through conversion of warrants. The shares bear distinctive numbers from 4300001 to 6233324 and are set to be listed for trading effective Monday, March 23, 2026. The intimation has been made under Regulation 30 of SEBI Listing Regulations. This is a routine post-allotment disclosure confirming the listing of newly converted shares on the exchange.
This is a procedural listing intimation that will increase the company's outstanding share count and may cause mild equity dilution. It is not expected to be a major price catalyst on its own, as the economic impact depends on the purpose and deployment of the funds already raised when the warrants were originally issued.