We are submitting herewith the Trading Approval dated June 3, 2025 for 21,79,090 Equity shares (Face Value of Rs. 5/- each) allotted to Promoter and Non - Promoter pursuant to conversion ....
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BSE has granted trading approval dated June 3, 2025 for 21,79,090 equity shares of Telogica Ltd (face value Rs. 5, issued at a Rs. 3 premium, i.e. Rs. 8 per share). These shares were allotted on a preferential basis to Promoters and Non-Promoters upon conversion of warrants, with distinctive numbers 31593943 to 33773032, and are permitted to trade on BSE from June 4, 2025. This follows an earlier similar approval on March 28, 2025 for 77,00,000 equity shares from another tranche of warrant conversion, which began trading on April 1, 2025. Together, nearly 98.79 lakh new shares are entering the market from warrant conversions across the two tranches.
The conversion and listing of these new shares expands the share count and is dilutive for existing shareholders. The added supply of nearly 99 lakh shares may exert short-term pressure on the stock price, though the impact depends on how quickly the new holders sell.