Corporate Action2 Jun 2026, 01:51 pm
Arcee Industries Receives BSE Approval for 2.15 Cr Share Issuance
AI Summary
Arcee Industries Limited has received in-principle approval from BSE Limited for the issuance and allotment of 2,15,00,000 equity shares at a face value of ₹10 each. The shares are being issued at a price of ₹10.35 per share to non-promoter allottees on a preferential basis, following the conversion of warrants. The company is required to comply with all applicable SEBI (ICDR) and (LODR) regulations, including maintaining internal controls to monitor trades by allottees and filing for listing within twenty days of allotment.
Key Highlights
- BSE granted in-principle approval for issuing 2.15 crore equity shares.
- Shares are issued at ₹10.35 per share to non-promoter allottees.
- Issuance is part of a preferential allotment following the conversion of warrants.
- Company must adhere to strict SEBI (ICDR) regulations regarding intra-day trading restrictions.
- Listing application must be filed within 20 days of the allotment date.
Price Impact
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