Tejassvi Aaharam Limited has secured BSE listing approval for 5,11,62,204 equity shares issued via preferential allotment. This move expands the company's total paid-up share capital to Rs. 58.16 crore. While listing is approved, the company must now complete depository and lock-in requirements to obtain final trading clearance.
Tejassvi Aaharam Secures Listing Approval for 5.11 Crore Shares
5,11,62,204 equity shares approved for listing; Paid-up capital reaches Rs 58.16 crore.
Reader Takeaway: Listing approval clears a key hurdle, but investors must watch for formal trading clearance from the exchange.
What just happened
Tejassvi Aaharam Limited has received official listing approval from the Bombay Stock Exchange (BSE) for the 5,11,62,204 equity shares issued under its recent preferential allotment. Each share holds a face value of Rs 10. Following this approval, the company’s total paid-up equity share capital has increased to Rs 58,16,22,040, consisting of 5,81,62,204 shares.
Why this matters
This approval marks a significant regulatory milestone in the company’s capital-raising process. By validating these shares for listing, the BSE has cleared the way for them to eventually become part of the company's tradable equity base, which expands the overall capital structure for shareholders.
What changes now
While the listing is approved, the shares are not yet available for trading. Tejassvi Aaharam must now finalize procedural steps to secure trading approval. This includes:
- Obtaining confirmation from NSDL/CDSL regarding the credit of shares to beneficiary accounts.
- Verifying lock-in compliance for pre-preferential holdings.
- Submitting all documentation to the exchange within the mandated seven-working-day window.
What to track next
Investors should monitor upcoming exchange disclosures confirming that trading approval has been granted. Final clearance is the necessary catalyst before these newly issued shares can be actively traded on the secondary market.