Pune E - Stock Broking Ltd Receives In-Principle Approval for Convertible Warrants Issue
Pune E - Stock Broking Limited has received an in-principle approval from BSE Limited concerning the issue and allotment of Convertible Warrants on a preferential basis. The approval pertains to the allotment to both Promoter and Non-Promoter categories.The details of the transaction include the issue of 16,00,000 Convertible Warrants. Each warrant is convertible into one fully paid-up Equity Share with a face value of ₹10/-. The preferential issue price has been set at ₹234/- per warrant.
The total cash aggregation from this issuance is stated to be ₹37,44,00,000.
Pune E - Stock Broking Limited confirmed the receipt of the in-principle approval from BSE Limited vide letter number LOD/PREF/PB/FIP/5/2025-26, dated April 2, 2026.
The key parameters of the warrant issue are detailed below:
| Metric | Details |
|---|---|
| Number of Warrants Issued | 16,00,000 |
| Conversion Ratio | 1 warrant : 1 fully paid-up Equity Share |
| Face Value Per Share | ₹10/- |
| Issue Price Per Warrant | ₹234/- |
| Total Cash Aggregation | ₹37,44,00,000 |
The approval confirms the transaction in terms of Regulation 28(1) of the SEBI LODR Regulations.
Stock Price Movement
At the close of trade Thursday, Pune E - Stock Broking Ltd settled at ₹234.00, edging higher by 0.34%. During the day, the shares traded within a range, dipping as low as ₹225.50 but peaking at ₹234.65.Source:
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