Receipt of Listing and Trading Approval for 16,00,000 Equity Shares
VASWANI · price
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Vaswani Industries Limited has received final listing and trading approvals from both BSE and NSE for 16,00,000 equity shares issued on a preferential basis to the Promoter Group. These shares have a face value of Rs. 10/- each and were issued at a premium of Rs. 40/-, making the issue price Rs. 50 per share. The total value of this preferential allotment is Rs. 8 crore. The new shares will start trading from Monday, April 27, 2026. According to the exchange documentation, these shares are subject to a lock-in period until November 30, 2027, meaning they cannot be sold during this period.
This preferential allotment to promoters increases the company's equity base by 16 lakh shares, diluting the stake of existing public shareholders. The lock-in until November 2027 means these additional promoter shares will not enter the market for over 1.5 years.