allotment of equity shares on preferential basis to the promoters group
VASWANI · price
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Vaswani Industries has allotted 16,00,000 equity shares to four members of the promoter group at ₹50 per share, raising a total of ₹8 crore in cash. The shares carry a face value of ₹10 each, meaning a premium of ₹40 per share was charged. Allottees include Mr. Ravi Vaswani, Mr. Yashwant Vaswani, Mr. Kushal Vaswani, and Smt. Manisha Vaswani, each receiving 4,00,000 shares. The issue was carried out under the preferential route of SEBI ICDR Regulations after receiving shareholder approval via postal ballot in June 2025 and in-principle approvals from BSE and NSE in July 2025. Post-allotment, the company's paid-up equity capital has risen from ₹31.35 crore to ₹32.95 crore. The newly issued shares carry an 18-month lock-in period as per SEBI rules.
This is a promoter-group capital infusion of ₹8 crore, which strengthens the promoters' skin in the game and slightly increases promoter shareholding, but it also results in mild equity dilution for existing public shareholders. The 18-month lock-in means promoters cannot exit quickly, which is generally viewed positively by the market.