P.M. Telelinnks: BSE Grants In-Principle Approval for Share Issue

P.M. Telelinnks Limited has received in-principle approval from BSE Limited for the proposed issuance of 1,50,00,000 equity shares of face value Rs.10 each at an issue price of Rs.10 on a preferential basis. This approval is pursuant to Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE has advised the company to ensure strict compliance with relevant acts and regulations, including obtaining undertakings from allottees regarding no intra-day trading and strengthening internal controls. The company must also comply with post-issue formalities and apply for listing without delay.