Intimation of approval received from BSE Ltd for listing of equity shares allotted on preferential basis to Mr. Bhavook Chandraprakash Tripathi.
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Virat Industries has received BSE listing approval for 95,99,999 equity shares of Rs. 10 each, issued at a premium of Rs. 94 (i.e. Rs. 104 per share) to promoter Mr. Bhavook Chandraprakash Tripathi on a preferential basis, taking the total preferential issue value to roughly Rs. 99.8 crore. The shares carry distinctive numbers from 4923341 to 14523339. This is a regulatory intimation under SEBI LODR confirming the exchange has cleared the listing application. Trading approval is still pending and will be granted only after the company submits NSE approval (if applicable) and NSDL/CDSL confirmation of lock-in on the promoter's pre-preferential shareholding.
This is a procedural confirmation that the promoter-issued preferential shares are now listed on BSE, formalising the dilution for existing shareholders. The allotment to a promoter is a positive signal of insider commitment, but retail investors should note the Rs. 99.8 crore expansion of the share base, which will be tradeable only once lock-in and NSE clearances are completed.