Shipwaves Online Limited has submitted an application to BSE Limited for in-principle approval to issue and allot 3,33,20,000 convertible warrants on a preferential basis. The issue price is set at Rs. 4.50 per warrant, aggregating to a total of Rs. 14,99,40,000. This preferential issue is contingent upon receiving necessary approvals, including from the stock exchanges and shareholders.
Shipwaves Online Seeks In-Principle Approval for Preferential Issue
Shipwaves Online Limited announced on September 07, 2026, that it has submitted an application to BSE Limited. The company is seeking in-principle approval for a preferential issue of convertible warrants. This move is in accordance with Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the Preferential Issue
The proposed issue involves the allotment of 3,33,20,000 (Three Crore Thirty-Three Lakh Twenty Thousand) Convertible Warrants. These warrants will be issued on a preferential basis at an issue price of Rs. 4.50/- (Rupees Four and Fifty Paise only) per Warrant. The aggregate amount expected to be raised from this issue is Rs. 14,99,40,000/- (Rupees Fourteen Crore Ninety-Nine Lakh Forty Thousand only).
Required Approvals
The company has stated that the preferential issue is subject to the receipt of all requisite approvals. This includes the critical In-Principal Approval from the Stock Exchanges, the approval of the company’s shareholders, and any other statutory or regulatory approvals mandated under applicable laws.
Future Disclosures
Shipwaves Online Limited has committed to making further disclosures and filings as required by law and the SEBI Listing Regulations concerning this proposed preferential issue.
Source: BSE
