Modern Dairies Limited has received trading approval from BSE Limited for 35,00,000 (Thirty-Five Lakhs) Equity Shares. These shares were issued to Promoters and the Promoter Group on a preferential basis via warrant conversion. The shares, with a face value of Rs. 10/- each, were issued at a premium of Rs. 40/- per share. Trading is now permitted on the exchange.
BSE Grants Trading Approval for New Equity Shares
Modern Dairies Limited announced today that the BSE Limited has granted Trading Approval for a significant block of equity shares. This approval pertains to 35,00,000 (Thirty-Five Lakhs) Equity Shares of the company, which have been issued pursuant to the conversion of warrants.
Details of Share Issuance
The newly approved shares were issued to Promoters and the Promoter Group on a preferential basis, in accordance with applicable SEBI regulations and the Companies Act, 2013. Each equity share has a face value of Rs. 10/- and was issued at a premium of Rs. 40/- per share. This transaction effectively increases the total number of equity shares outstanding.
Impact on Trading
With the trading approval secured, these 35,00,000 equity shares are now eligible for trading on the BSE Limited. This move is a key step following the company’s earlier intimation on October 13, 2026, regarding the receipt of listing approval from BSE. The company expressed gratitude and requested the exchange to take this information on record.
The approval reference number from BSE Limited is LOD / PREF / DD / 258/ 2026-2027, with the approval dated October 23, 2026.
Source: BSE
