Intimation regarding receipt of Listing Approval from BSE for 25,15,000 Equity Shares issued to promoters and non-promoters on preferential basis pursuant to conversion of warrants.
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Awaiting price reaction for this filing.
Swastika Investmart has received BSE's listing approval dated April 17, 2025 for 25,15,000 equity shares of Rs. 2 face value each, issued at a premium of Rs. 60.20 per share (total issue price ~Rs. 62.20). These shares were allotted on March 12, 2025 to promoters and non-promoters on a preferential basis following the conversion of warrants. The shares bear distinctive numbers from 14798501 to 17313500. The company filed the intimation on April 19, 2025 (a day later than approval because of a trading holiday). Trading approval on the exchange is still pending and requires additional confirmations from NSDL/CDSL and NSE (if applicable).
This is a procedural update wrapping up an earlier warrant conversion allotment. Existing shareholders may face mild dilution once the new 25.15 lakh shares begin trading, but the capital was already raised and allotted in March, so near-term cash flow or business impact is limited.