Pennar Industries Receives In-Principle Approval for Issue of Convertible Equity Warrants to Promoters
Pennar Industries Limited has received in-principle approval from both the National Stock Exchange of India (NSE) and BSE Limited regarding the issue of convertible equity warrants to its promoter category on a preferential basis. The approvals were issued on June 12, 2026.The In-Principle approval relates to an application seeking permission for the issue of 30,00,000 warrants. These warrants are designed to be converted into 30,00,000 equity shares. The details specify that the conversion will occur at a price not less than Rs. 168/- and is aimed at promoters on a preferential basis.
The approvals from the exchanges indicate compliance with regulations pertaining to the issue of capital.
PENIND Stock Price Movement
Pennar Industries Limited shares edged higher to close at ₹155.06 today after gaining 4.67%, marking a strong rally of ₹6.90 from the previous closing price. The stock saw active trading through the session, with 366,000 shares transacted in the market.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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