<h1>Chatha Foods Receives BSE Listing Approval for Equity Shares Allotted via Warrant Conversion</h1>
Chatha Foods Limited has received listing approval from the Bombay Stock Exchange (BSE) regarding a tranche of equity shares issued through a preferential allotment process. The approval grants permission for these shares to be dealt in on the exchange.
The shares were allotted to the Promoters of Chatha Foods and represent 1,03,000 units. These shares are specifically linked to the conversion of warrants previously issued by the company on a preferential basis.
Key details regarding the share allotment and listing approval include:
| Metric | Detail |
|---|---|
| Number of Equity Shares | 1,03,000 |
| Face Value per Share | Rs. 10/- each |
| Allotment Basis | Conversion of Warrants |
| Issuance Type | Preferential basis to Promoters |
| Premium per Share | Rs. 117/- |
The exchange confirmed the granting of Listing approval for these shares, which were issued bearing distinctive numbers ranging from 24081880 to 24184879.
The approval grants permission for trading in these particular shares on the BSE. The company was also advised that trading approval is subject to several filings, including listing approval from the National Stock Exchange of India Ltd., confirmation letters regarding the crediting and admission of capital by NSDL/CDSL, and lock-in status confirmations.
Stock Price Movement
Chatha Foods Ltd is drifting lower in the market at ₹113.51, shedding 2.75% as of 13:35. Shares have seen significant movement throughout the session, having touched lows down at ₹113.51 before testing highs as high as ₹127.99.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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