Modern Dairies Ltd received listing approval from BSE Limited for 35,00,000 equity shares issued to promoters and promoter group through warrant conversion.

The exchange granted approval on October 13, 2026, for the allotment of these shares with a face value of ₹10 each. The shares were issued at a premium of ₹40 per share pursuant to a preferential basis allotment completed earlier in September 2026.

Regulatory compliance and trading conditions

The listing approval follows the company's earlier intimation dated September 10, 2026, regarding the allotment of equity shares to promoters. This action was executed in accordance with SEBI regulations and the Companies Act, 2013.

BSE specified that trading approval for these shares will be granted only after Modern Dairies files:

• Listing approval from the National Stock Exchange of India Ltd (if applicable)
• Confirmation letters from NSDL or CDSL regarding crediting shares to beneficiary accounts
• Confirmation letters regarding lock-in of pre-preferential holding (if applicable)

Timeline for trading approval

Per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of grant of listing approval. Non-compliance with this requirement attracts fines as specified in the cited circular.

The company is also required to ensure compliance with Regulation 167 of SEBI (ICDR) Regulations. Any change exceeding two percent of the total paid-up share capital necessitates filing the shareholding pattern in XBRL mode under Regulations 31(1)(c) of SEBI LODR Regulations, 2015.

Modern Dairies Ltd has announced the closure of its trading window effective October 1, 2026. This measure is implemented in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's second quarter fiscal year 2027 financial results.

The restriction applies to all Designated Persons of the company and their immediate relatives. They are prohibited from dealing in the securities of Modern Dairies until forty-eight hours after the un-audited financial results for the quarter ending September 30, 2026, are declared to the stock exchanges.

Compliance and Timeline

The decision follows the company's Code of Conduct for Prevention of Insider Trading and a clarification issued by BSE Limited dated April 2, 2019. The trading window remains closed during this sensitive period to prevent potential misuse of unpublished price-sensitive information.

The date of the Board Meeting for the declaration of these un-audited financial results will be intimated to the exchanges in due course. The filing was signed by Shruti Joshi, Company Secretary and Compliance Officer, on September 28, 2026.