Longspur International Ventures has secured in-principle approval from BSE to issue 2,03,50,000 equity shares via a preferential allotment to promoters and non-promoters. The shares, carrying a face value of Rs. 10 each, will be issued at a price of Rs. 10 per share. This capital raise is subject to the company fulfilling all regulatory requirements before the shares can be listed.

The exchange granted the approval on June 12, 2026, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE clarified that this in-principle nod does not constitute approval for listing and that the company must separately comply with all necessary formalities. The issuance must adhere to the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

BSE has mandated specific internal controls to monitor trades executed by the proposed allottees. The company is required to obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell any shares in the company until the allotment date. The onus of verifying this compliance lies solely with Longspur International Ventures.

Following the allotment of securities, the company must submit a listing application without delay. According to SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the application for listing must be made within twenty days from the date of allotment. Failure to comply with this timeline will result in penalties as specified in the circular.

The exchange reserves the right to withdraw the in-principle approval if any information provided is found to be incomplete, incorrect, or misleading. Longspur International Ventures must also ensure that all statutory approvals required for the issue are obtained before proceeding with the allotment.

Longspur International Ventures Limited has notified BSE of an upcoming board meeting scheduled for Friday, May 29, 2026, at 4:00 P.M., to be held at the company's registered office at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai 400001. The intimation has been filed pursuant to Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda of the Board Meeting

The board meeting has been convened to transact the following key businesses, in addition to routine matters:

Regulatory Compliance and Trading Window

The company has confirmed that it is in the process of filing the corporate announcement under Regulation 29(1) in XBRL format within the stipulated time, and the same will be hosted on the company's website. In line with applicable regulations, the trading window of the company has been closed from April 1, 2026, and will remain closed until 48 hours after the financial results for the quarter and year ended March 31, 2026 become generally available information.

The announcement was signed by Shweta Sharma, Company Secretary and Compliance Officer, on behalf of Longspur International Ventures Limited, and filed online at www.listing.bseindia.com on May 12, 2026.