Sat Kartar Life Limited Receives In-Principle Approval for Share Issuance from NSE
Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, has secured in-principle approval from the National Stock Exchange of India (NSE) for a significant share allotment. The approval relates to the issue of equity shares pursuant to a Preferential issue via the conversion of warrants.The company received the approval via a letter bearing the reference number NSE/LIST/54702, dated May 08, 2026.
Under the in-principle approval granted by the Exchange, Sat Kartar Life Limited is authorized to allot a total of 2,824,800 equity shares. This allotment comprises two tranches of shares, all issued at a face value of Rs. 10/- each.
The details of the approved share allotment are as follows:
| Share Category | Number of Shares | Face Value (per share) |
|---|---|---|
| Equity Shares (Tranche 1) | 50,400 | Rs. 10/- |
| Equity Shares (Tranche 2) | 2,774,400 | Rs. 10/- |
| Total | 2,824,800 | Rs. 10/- |
These shares are scheduled to be allotted to the company's warrant holders through a Preferential issue. The confirmation of this in-principle approval was issued by the National Stock Exchange of India Limited on May 8, 2026.
SATKARTAR Stock Price Movement
On Friday, Sat Kartar Life Limited shares edged higher to close at ₹201.15, gaining 1.42% off the previous close. The stock traded within a range of ₹199 to ₹207 and saw a total traded volume of 49,600 shares.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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