Span Divergent Ltd. Receives In-Principle Approval for Preferential Share Issuance
Span Divergent Ltd. has received in-principle approval from the BSE Limited for the issuance of 18,01,481 equity shares on a preferential basis. The shares, with a face value of Rs. 10 each, will be issued at an issue price of Rs. 32.16 per share, including a premium of Rs. 22.16. The shares are slated to be issued to Mr. Neev Nirav Jogani, a Non-promoter.The in-principle approval was granted by BSE Limited on March 19, 2026, following an application with reference number LOD/PREF/GB/FIP/1914/2025 - 26.
BSE Limited advised the company to comply with relevant regulations and obtain necessary approvals for the issuance and allotment of securities. The company is also directed to strengthen internal controls to monitor trades executed by the proposed allottee and to ensure adherence to SEBI regulations.
Span Divergent Limited's Managing Director, Viral Pradipkumar Desai, disclosed the information, which is also available on the company’s website at www.span.in.
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