StockWatch
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Other Textile Products
Corporate Action22 Apr 2026, 07:31 pm

Suditi Industries gets trading approval for 36 lakh shares to promoters

AI Summary

Suditi Industries Ltd has received trading approval from the Bombay Stock Exchange (BSE) for 3,600,000 equity shares. These shares, with a face value of ₹10 each and issued at a premium of ₹17.50, were allotted to the company's promoters on a preferential basis following the conversion of warrants. The trading approval, dated April 22, 2026, makes these securities effective for trading on the exchange from April 23, 2026. This formalizes the listing of the newly issued shares, increasing the promoter's stake and potentially enhancing the company's capital structure.

Key Highlights

  • BSE granted trading approval for 3.6 million equity shares.
  • Shares were issued to promoters on a preferential basis.
  • Issuance resulted from warrant conversion.
  • Each share has a face value of ₹10 and a premium of ₹17.50.
  • Trading for these shares commenced on April 23, 2026.