Regulatory25 Jun 2026, 01:51 pm
Desi Farms India Gets In-Principle Approval for Share Issuance
AI Summary
Desi Farms India Ltd has received in-principle approval from BSE Limited for the issuance of 3,21,20,990 equity shares, 37,61,600 Compulsorily Convertible Preference Shares (CCPS), and 50,66,356 Compulsorily Convertible Debentures (CCD) on a preferential basis. The issuance is for consideration other than cash, at an issue price of Rs. 135 per security (including a premium of Rs. 125). This approval is a step towards a share swap arrangement with promoters and non-promoters. The company has been advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions to ensure compliance with SEBI regulations.
Key Highlights
- In-principle approval received from BSE for preferential share issuance.
- Issuance includes equity shares, CCPS, and CCDs for non-cash consideration.
- Issue price set at Rs. 135 per security, including a Rs. 125 premium.
- Company advised to enhance internal controls and obtain allottee undertakings.
- Approval is in-principle and subject to further regulatory compliance.
Price Impact
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