Datakosa Secures BSE Approval for Preferential Share Listing

20,58,822 equity shares approved for listing; post-listing paid-up capital now stands at ₹23.92 crore.

Reader Takeaway: Preferential shares increase equity base, but remain non-tradable until final regulatory clearances are formally granted.

What just happened

Datakosa Ltd has received official listing approval from BSE Limited for 20,58,822 equity shares. These shares were issued on a preferential basis to non-promoter investors at a price of ₹17 per share, which includes a premium of ₹7 over the ₹10 face value. The company’s total paid-up equity capital has subsequently increased to ₹23.92 crore, consisting of 2,39,24,392 fully paid-up equity shares.

Why this matters

While listing approval represents a milestone in the capital infusion process, these shares cannot be sold or purchased on the secondary market yet. Shareholders should note that the listing approval is a preliminary step. The company is currently working to fulfill the remaining procedural requirements to secure final trading permission.

What happens next

Before the newly issued shares can be traded on the exchange, Datakosa Ltd must finalize several regulatory steps. This includes securing similar listing approvals from the National Stock Exchange (if applicable), along with mandatory confirmation letters from depositories like NSDL and CDSL. These documents must verify that the shares have been credited to the respective beneficiary accounts and that any necessary lock-in requirements for pre-preferential holdings have been satisfied. Once these filings are submitted and approved, the exchange will issue final trading permission.