Span Divergent Ltd. Allots Shares on Preferential Basis
Span Divergent Ltd. announced the allotment of 18,01,481 equity shares on a preferential basis to Mr. Neev Nirav Jogani. The decision follows a board meeting held on January 23, 2026, and shareholder approval at an Extraordinary General Meeting on February 20, 2026.The company allotted the shares at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. Mr. Jogani paid a total of Rs. 5,79,35,628.96 for the allotment.
The company’s paid-up equity share capital before and after the allotment is detailed below:
| Particulars | Number of Equity Shares | Amount (In Rs.) |
|---|---|---|
| Pre-allotment paid up share capital | 54,61,747 | 5,46,17,470 |
| Post-allotment paid up share capital | 72,63,228 | 7,26,32,280 |
Following the allotment, Mr. Jogani holds 18,01,481 shares, representing 24.80% of the company's equity.
Span Divergent Ltd. plans to apply to the stock exchanges for listing and trading approval for the newly allotted shares.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.