Rollatainers Gets In-Principle Approval for Warrant Issue

Rollatainers Ltd has received "In-Principle" approval from both BSE Limited and NSE Limited for the issuance of 35,87,44,394 warrants. These warrants are convertible into an equal number of equity shares of Rs. 1/- each at a price of not less than Rs. 2.23/- each. The approval is for issuance to both Promoters and Non-Promoters on a preferential basis. The exchanges have emphasized that this is an "in-principle" approval and does not guarantee listing. The company must comply with all relevant SEBI regulations, including strengthening internal controls to monitor trades by proposed allottees and obtaining undertakings against intra-day trading.