This is to inform that our Company, Telogica Limited, has received "Listing" Approval dated May 22, 2025 from BSE Limited for 21,79,090 Equity Shares allotted on conversion of equivalent warrants.
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Telogica Ltd has received listing approval from BSE dated May 22, 2025 for 21,79,090 equity shares of Rs. 5 each issued at a Rs. 3 premium. These shares were allotted on a preferential basis to promoters and non-promoters following the conversion of equivalent warrants, with distinctive numbers from 31593943 to 33773032. The company's paid-up share capital will increase once these shares begin trading. Actual trading approval is still pending and requires confirmation from NSDL/CDSL on share crediting, NSE listing approval if applicable, and lock-in compliance as per SEBI ICDR Regulations. The company has been advised to apply for trading approval within seven working days of the listing approval grant.
This is a technical listing approval for shares that have already been allotted via warrant conversion, leading to equity dilution for existing shareholders. The shares are not yet tradeable and the event itself does not change the company's fundamentals, though it confirms that promoter and non-promoter warrant holders have exercised their conversion rights.