CPS Shapers Limited Receives In-Principle Approval from NSE for Preferential Issue
CPS Shapers Limited has secured In-Principle Approval from the National Stock Exchange of India (NSE) regarding its proposed preferential issue. The approval, granted by the NSE on June 11, 2026, pertains to the issuance of equity shares through a preferential route.The preferential allotment involves offering 31,275 Equity Shares, each having a face value of ₹10/-. These shares are being issued at an issue price of ₹1088/-, and the approval covers both Promoters and non-promoters of the company.
This strategic move by CPS Shapers Limited is intended to facilitate capital raising through the proposed issuance. The regulatory body confirmed that the In-Principle Approval was granted subject to the fulfillment of stipulated conditions and compliance with relevant laws and regulations.
The key details pertaining to this approval are summarized below:
| Particulars | Details |
|---|---|
| Regulatory Authority | NSE |
| Number of Equity Shares | 31,275 |
| Face Value per Share | ₹10/- |
| Issue Price per Share | ₹1088/- |
| Approved For | Promoters and non-promoters |
The approval provided by the NSE is valid for fifteen days, commencing from the date of the Extra General meeting scheduled to be held on June 12, 2026. This timeline governs the completion of the issue process and subsequent steps required by the company.
CPS Stock Price Movement
As of 3:00 PM, shares of C P S Shapers Limited are trading steady at ₹985. The stock has seen 150 shares traded in the live market thus far.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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