Sharika Enterprises gets BSE in-principle approval for share/warrant issue

Sharika Enterprises Ltd has received in-principle approval from BSE Limited for the preferential issue of 1,51,49,079 equity shares and 38,38,102 warrants convertible into equity shares. The issue price for both equity shares and warrants is set at a minimum of Rs. 14.33 per share. The approval is subject to compliance with all applicable regulations, including SEBI's ICDR and LODR regulations. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees to prevent non-compliance, particularly regarding intra-day trading.