Please find attached the in-principal approval for the issue of preferential allotment receipt form BSE and NSE
VASWANI · price
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Vaswani Industries has received in-principle approval from both BSE and NSE to issue 16,00,000 (16 lakh) equity shares on a preferential basis to its Promoters. The shares have a face value of ₹10 each and will be issued at a price of not less than ₹50 per share, which includes a premium of ₹40 per share. The total issue size will be at least ₹8 crore at the minimum pricing. The company must now complete the allotment process, file a listing application within 20 days of allotment, and comply with SEBI ICDR Regulations. The purpose of the capital raise has not been specified in this filing.
Existing shareholders will face dilution of approximately 16 lakh additional shares being issued to Promoters, though this also signals promoter confidence and commitment to the company. The stock may see some short-term pressure depending on the trading activity around the allotment date, but the capital infusion strengthens the company's balance sheet.