Porwal Auto Components Limited announced that it has received listing approval from the Bombay Stock Exchange (BSE) for the issuance of 17,54,384 equity shares. These shares, with a face value of ₹10 each, were issued at a premium of ₹47 per share, bringing the total issue price to ₹57 per share. The approval facilitates the listing of these shares which were issued on a preferential basis to non-promoter investors.
BSE Grants Listing Approval for Preferential Issue
Porwal Auto Components Limited has officially received approval from the Bombay Stock Exchange (BSE) for the listing of equity shares issued through a preferential allotment. The company announced on August 20, 2026, that the BSE has granted its consent for the listing of these new shares.
Details of the Share Issuance
The preferential issue involves a total of 17,54,384 equity shares. Each share has a face value of ₹10 and was issued at a price of ₹57. This price includes a premium of ₹47 per share. The shares were allocated to non-promoter investors as part of a preferential offering, which has now secured the necessary regulatory listing approval.
Regulatory Compliance and Next Steps
The approval follows the company’s adherence to relevant regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The BSE has uploaded the approval letter on its listing portal, confirming the clearance for these shares to be traded. Porwal Auto Components is expected to ensure compliance with all stipulated provisions regarding the issuance and trading of these shares.
Source: BSE
