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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Superior Industrial Enterprises Ltd has filed a disclosure under SEBI Regulation 30 informing about the allotment of 3,16,000 7% Non-Cumulative Optionally Convertible Preference Shares (OCPS) of Rs. 10 each by MMG Realtech Private Limited on 5th June 2025. This allotment was made pursuant to a Scheme of Arrangement between Moon Beverages Limited (Demerged Company) and MMG Realtech Private Limited (Resulting Company), as ordered by the NCLT, Allahabad. The OCPS carry a 7% non-cumulative coupon, have a maximum tenure of 10 years with put and call options for early conversion or redemption, and will convert into equity shares at a 1:1 ratio at the end of the tenure. The redemption price will be determined based on a valuation report by an IBBI Registered Valuer at the time of redemption.
The filing relates to an OCPS issuance by MMG Realtech Private Limited rather than Superior Industrial Enterprises itself, so direct impact on SIE shareholders appears limited. The disclosure suggests a possible group or scheme-related connection, but the document does not clarify the specific benefit or dilution impact for Superior Industrial Enterprises shareholders.