Vaswani Industries Completes Rs 9.87 Crore Preferential Allotment

16,45,000 equity shares issued at Rs 60 each.
Total capital infusion of Rs 9.87 crore via promoter group investment.

Reader Takeaway: Promoter confidence increases via capital injection, though equity dilution occurs for existing shareholders due to the expanded share base.

What just happened

Vaswani Industries has officially allotted 16.45 lakh fully paid-up equity shares through a preferential issue. The Board of Directors finalized the transaction on October 23, 2026, targeting the company's promoter and promoter group entities. Each share was issued at a premium of Rs 50 over the face value of Rs 10, resulting in an issuance price of Rs 60 per share.

Allotment Details

The shares were distributed among seven individuals. Key promoters including Ravi Vaswani, Yashwant Ravi Vaswani, and Kushal Vaswani each received 3,94,450 to 3,94,460 shares. Other allotments were made to Manisha Vaswani, Sudha Vaswani, Tanya Vaswani, and Jyotsna Vaswani. The total consideration of Rs 9.87 crore has been successfully received by the company.

Capital Structure Impact

Prior to this issuance, the company held a paid-up equity capital of Rs 32.94 crore, representing 3,29,46,153 shares. Post-allotment, the equity base has expanded to Rs 34.59 crore, now consisting of 3,45,91,153 shares. These new shares carry the same rights and status as existing equity shares.

Lock-in Requirements

To maintain compliance with SEBI ICDR Regulations, the newly allotted shares are subject to an 18-month lock-in period starting from the date of trading approval. Furthermore, any pre-existing shareholding held by these allottees remains subject to a 90-day trading lock-in period from the date of the new trading approval.