The Company has received listing approval for 72,39,000 Equity shares issued on preferential basis.
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Suditi Industries Ltd has received approval from BSE to list 72,39,000 equity shares of face value Rs. 10 each, issued at a premium of Rs. 17.50 (total issue price of Rs. 27.50 per share) on a preferential basis to promoter and non-promoter categories. The shares carry distinctive numbers from 2,63,67,292 to 3,36,06,291. The company still needs NSE listing approval (if applicable) and NSDL/CDSL confirmation before trading approval is granted, which must be filed within seven working days. There are also lock-in requirements applicable on pre-preferential shareholdings as per SEBI ICDR Regulations.
This is a preferential equity issuance which will dilute existing shareholders' stake since 72.39 lakh new shares are being allotted to promoters and non-promoters. Shareholders should watch for the final issue price confirmation and trading approval, as the actual dilution impact will depend on the company's pre-issue share capital and the final post-issue shareholding pattern.