Corporate Action13 Oct 2026, 01:29 pm
Vaswani Industries gets in-principle approval for preferential allotment
AI Summary
Vaswani Industries Ltd has received in-principle approval from BSE and NSE for the preferential issuance of 16,45,000 equity shares of face value Rs. 10/- each, at a price not less than Rs. 60/- per share, to its Promoters. The approval is subject to the company fulfilling several conditions, including obtaining statutory approvals, complying with SEBI (LODR) Regulations, 2015, and strengthening internal controls to monitor trades by proposed allottees. The company must also obtain undertakings from allottees regarding no intra-day trading or sale until the allotment date.
Key Highlights
- In-principle approval received from BSE and NSE for preferential share issuance.
- 16.45 lakh equity shares to be issued to promoters at a minimum price of Rs. 60.
- Approval contingent on fulfilling regulatory and internal control conditions.
- Company advised to strengthen monitoring of allottee trades.
Price Impact
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