Intimation regarding receipt of Trading 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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Swastika Investmart Ltd has received trading approval from BSE for 25,15,000 equity shares of Rs. 2 face value each, issued at a premium of Rs. 60.20 per share to promoters and non-promoters on a preferential basis following conversion of warrants. The shares, bearing distinctive numbers from 14798501 to 17313500, will be tradable on BSE from Monday, April 28, 2025. This follows the earlier listing approval received on April 19, 2025. The total issue value, including premium, works out to roughly Rs. 15.64 crore. The company had previously issued warrants to these allottees, which have now been converted into equity shares.
Existing shareholders will see mild dilution as 25.15 lakh new shares enter the trading pool. The shares are priced at Rs. 62.20 per share (face value plus premium), which is significantly above face value, suggesting the warrants were issued at favourable terms earlier. Watch for any price impact when trading begins on April 28, 2025.