Aveer Foods Limited has received trading approval from BSE Limited for equity shares issued to its promoter on preferential basis through warrant conversion. The approval marks a significant corporate development for the food company as it expands its equity base.

Trading Approval Details

The company received BSE trading approval on March 24, 2026, for the allotment of equity shares to its promoter. The approval was communicated through BSE's letter reference number LOD/PREF/SV/402/2025-2026.

Listing and Trading Commencement

The equity shares are scheduled to be listed and admitted to dealings on BSE Limited with effect from March 25, 2026. This follows the standard practice where trading typically commences the day after approval is granted.

The shares carry the ISIN INE09BN01011 and will be available for trading under the company's existing equity share category. The preferential allotment was made pursuant to conversion of warrants, indicating a prior commitment by the promoter to subscribe to additional equity.

Regulatory Compliance

Aveer Foods Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE about the receipt of trading approval and provided all necessary details regarding the share allotment.

The communication was signed by Tejashree Wagholikar, Company Secretary and Compliance Officer, ensuring proper corporate governance procedures were followed throughout the process.

Aveer Foods Limited has successfully received listing approval from BSE Limited for equity shares issued to its promoter through warrant conversion. The company received the official listing approval letter on March 16, 2026, and submitted the regulatory disclosure on March 17, 2026, under Regulation 30 of SEBI LODR Regulations, 2015.

BSE Listing Approval Details

BSE Limited granted listing approval for 2,26,087 equity shares of Rs. 10 each issued at a premium of Rs. 565 per share to the promoter. The shares bear distinctive numbers from 4028253 to 4254339 and were issued on preferential basis pursuant to conversion of warrants.

Share Acquisition Background

Vishal Rajkumar Chordia, the promoter, had acquired these 2,26,087 equity shares through preferential allotment on March 11, 2026. The shares were issued upon exercise of warrants that were originally allotted to him on March 20, 2025. This acquisition increased his shareholding from 5,71,258 shares (13.43%) to 7,97,345 shares (17.80%) of the enlarged share capital.

Trading Approval Requirements

While BSE has granted listing approval, trading approval is still pending. The exchange has specified that trading approval will be granted only after the company files confirmation letters from NSDL/CDSL about crediting the shares to respective beneficiary accounts and admitting the capital to the depository system.

Regulatory Compliance

The company must ensure compliance with Regulation 167 of SEBI ICDR Regulations and file shareholding pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations, 2015, as the change exceeds two percent of total paid-up share capital. The disclosure was signed by Company Secretary & Compliance Officer Tejashree Wagholikar and submitted to BSE's Corporate Services Department.