Regulatory3 Sept 2026, 05:10 pm
Porwal Auto Components Gets Trading Approval for Preferential Issue
AI Summary
Porwal Auto Components Ltd has received trading approval from BSE Limited for 17,54,384 equity shares. These shares, with a face value of Rs. 10 each, were issued at a price of Rs. 57 per share (including a premium of Rs. 47) on a preferential basis to non-promoters. The trading approval is effective from September 3, 2026. This move signifies the completion of a preferential allotment aimed at raising capital or strengthening the company's investor base.
Key Highlights
- BSE grants trading approval for 17,54,384 equity shares.
- Shares issued at Rs. 57 each, including Rs. 47 premium.
- Allotment made on a preferential basis to non-promoters.
- Trading effective from September 3, 2026.
- Regulatory compliance under SEBI LODR regulations.
Price Impact
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