Corporate Action10 April 2026 at 12:11 pm
Modern Dairies gets BSE nod for 2.8M shares from warrant conversion
AI Summary
Modern Dairies Ltd has received listing approval from BSE Limited on April 10, 2026, for 2,800,000 equity shares. These shares were issued to the Promoters and Promoter Group on a preferential basis following the conversion of warrants. Each share, with a face value of ₹10, was issued at a premium of ₹40, making the total issue price ₹50 per share. This approval, granted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, formalizes the earlier allotment made on February 27, 2026, and allows the newly issued shares to be traded on the exchange.
Key Highlights
- BSE approved listing of 2.8 million equity shares for Modern Dairies.
- Shares issued to promoters via warrant conversion on preferential basis.
- Each share issued at ₹50 (₹10 FV + ₹40 premium).
- This action increases the company's equity base and promoter stake.
MODAIRYDairy Products
MODERN DAIRIES LTD.Price Impact