Atmastco Receives In-Principle Approval from NSE for Issuance of Warrants Conversion Shares
Atmastco Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) regarding the issuance of equity shares pursuant to a preferential allotment through warrant conversion.The company received this approval, issued by the NSE on June 10, 2026. This relates to an application submitted by Atmastco to the NSE on May 14, 2026.
Under the approved issuance, Atmastco is authorized to issue two tranches of equity shares:
- 35,00,000 Equity Shares of Rs. 10/- each.
- 60,00,000 Equity Shares of Rs. 10/- each.
These shares are being allotted following the conversion of warrants through a Preferential Issue.
The in-principle approval granted by the Exchange is subject to several conditions and requirements. Atmastco must complete the listing application at the earliest after allotment and obtain all necessary statutory approvals and comply with relevant guidelines issued by authorities such as SEBI, RBI, and MCA.
A key condition specified by the NSE relates to strengthening internal controls before the allotment. The company is advised to ensure compliance with applicable provisions regarding trades executed by the proposed allottees. This includes obtaining an undertaking from the allottee(s) confirming that they will not engage in intra-day trading or any sale of the company's scrip until the security allotment date, as mandated under SEBI (ICDR) Regulations.
The NSE emphasized that while providing this approval, it was advising Atmastco on these matters and reserving its right to withdraw the approval should the submitted information be found incomplete, incorrect, misleading, or in contravention of relevant rules and regulations.
ATMASTCO Stock Price Movement
Atmastco Limited shares are edging higher to ₹175.00 as of 1:22 PM today, registering a solid 0.63% gain fueled by active buying pressure. The stock remains within its intraday range, trading on 12,000 shares between the support level of ₹174.50 and the high of ₹178.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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