Regulatory24 Jul 2026, 11:32 am
Almondz Global Securities Gets In-Principle Approval for Preferential Issue
AI Summary
Almondz Global Securities Limited has received in-principle approval from BSE Limited and National Stock Exchange of India Limited for a proposed preferential issue. The company plans to issue 1,63,18,538 equity shares of Rs. 1 each at a price not less than Rs. 15.32 per share. These shares will be issued to promoters against the conversion of unsecured loans aggregating to Rs. 25,00,00,000. The exchanges have granted approval subject to compliance with all applicable regulations, including SEBI ICDR and LODR Regulations. The company is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions.
Key Highlights
- Received in-principle approval for preferential issue from BSE and NSE.
- Issuing 1.63 crore equity shares to promoters for loan conversion.
- Issue price set at a minimum of Rs. 15.32 per share.
- Total loan conversion amounts to Rs. 25 crore.
- Company must comply with SEBI regulations and strengthen internal controls.
Price Impact
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