Porwal Auto Components Ltd. has received official trading approval from BSE Limited for 17,54,384 equity shares. These shares, with a face value of ₹10 each, were issued at a premium of ₹47 per share, totaling an issue price of ₹57 per share. The approval pertains to shares allotted on a preferential basis to non-promoters, identified by distinctive numbers from 15100001 to 16854384. This signifies the successful completion of the preferential allotment process and enables these shares to be traded on the exchange.
Trading Approval Granted for Preferential Allotment
Porwal Auto Components Limited has announced that it has received the necessary trading approval from BSE Limited. This approval is for the listing and trading of 17,54,384 equity shares of the company. These shares were issued on a preferential basis to non-promoters.
Details of the Share Issuance
Each equity share has a face value of ₹10 and was issued at a significant premium of ₹47 per share, resulting in an issue price of ₹57 per share. The distinctive numbers for these allotted shares range from 15100001 to 16854384. The effective date for listing and trading these securities on the BSE is Thursday, September 3, 2026.
Regulatory Compliance
The intimation has been made pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015. The company has enclosed the trading approval letter from BSE for reference. This marks a key step in the company’s corporate actions related to preferential capital raising.
Source: BSE
