Intimation of receipt of Trading approval from BSE for 27,85,000 equity shares of Rs. 2 each issued pursuant to conversion of warrants.
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Swastika Investmart has received BSE approval for trading of 27,85,000 equity shares (face value Rs. 2 each) issued at a premium of Rs. 60.20 (total issue price Rs. 62.20 per share) to promoters and non-promoters on a preferential basis pursuant to conversion of warrants. These shares will be tradable on BSE from July 31, 2025. The shares carry distinctive numbers from 17313501 to 20098500. This follows the earlier listing approval received on July 19, 2025 for the same tranche. The company had previously issued warrants which have now been converted into equity shares.
This is a routine procedural step after warrant conversion — the shares were already accounted for at warrant issuance stage. Existing shareholders face mild dilution, and promoter/non-promoter warrant holders can now sell these shares in the market, which may add to short-term supply on the stock.