Listing Approval/Certificate for 85,15,000 Equity Shares.
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Awaiting price reaction for this filing.
Vashu Bhagnani Industries Ltd has received listing approval from BSE for 85,15,000 equity shares of Rs. 10 each issued at a premium of Rs. 20 (total issue price of Rs. 30 per share) to promoters and non-promoters on a preferential basis following the conversion of warrants. These shares will now move forward through corporate actions with the depositories (NSDL/CDSL) before final trading approval is granted. Trading permission is contingent on the company filing confirmation letters from the depositories regarding share credit and any applicable lock-in of pre-preferential holdings. The company must apply for trading approval within seven working days as per SEBI guidelines.
This is a routine post-allotment step where previously issued warrants are being converted into listed equity shares, increasing the share count and potentially diluting existing shareholders. The actual trading of these shares is still pending, so no immediate price impact is expected from this announcement alone.