Modern Dairies Limited has received trading approval from BSE Limited for 28,00,000 equity shares issued pursuant to the conversion of warrants. The approval was granted vide BSE letter dated April 22, 2026, bearing reference number LOD/PREF/SV/194/2026-2027, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015.

Share Issue Details

The equity shares of Rs. 10 each were issued at a premium of Rs. 40 per share to promoters and promoter group on a preferential basis. The issuance was conducted in accordance with all applicable rules and regulations of SEBI and the Companies Act, 2013. The company had earlier intimated the exchange regarding the receipt of listing approval on April 10, 2026.

Regulatory Compliance

The warrant conversion and subsequent trading approval follow the regulatory framework established by SEBI. The intimation to BSE was made in compliance with disclosure requirements under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015. The company's corporate office is located at 98-99, Sub City Centre, Sector 34, Chandigarh, while its registered office and works are situated at PB No. 3, 136 KM, G.T. Road, Karnal, Haryana.

Modern dairies Limited has successfully obtained listing approval from BSE Limited for 28,00,000 equity shares issued through warrant conversion. The approval marks a significant milestone in the company's capital structure enhancement following the allotment to promoters and promoter group members.

BSE Approval Details

The exchange granted listing approval on April 10, 2026, through official communication bearing reference number LOD/PREF/KS/FIP/49/2026-27. The approval covers the complete issuance of 28,00,000 equity shares that were previously allotted pursuant to warrant conversion.

Warrant Conversion Process

The equity shares were issued following the conversion of warrants allotted to promoters and promoter group on a preferential basis. Modern Dairies had previously intimated the exchange about this allotment on February 27, 2026, ensuring compliance with all applicable SEBI regulations and Companies Act, 2013 provisions.

The conversion process was conducted in accordance with:

• Securities and Exchange Board of India regulations
• Companies Act, 2013 requirements
• Listing Obligations and Disclosure Requirements, 2015
• Regulation 30 compliance protocols

Regulatory Compliance

The company has maintained strict adherence to regulatory requirements throughout the warrant conversion and listing approval process. The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015, demonstrating the company's commitment to transparent disclosure practices.

With BSE's formal approval now secured, Modern Dairies Limited can proceed with the final listing formalities for these 28,00,000 equity shares, strengthening its equity base and providing enhanced liquidity options for stakeholders.