Safa Systems & Technologies Limited has received in-principle approval from BSE Limited for a proposed preferential issue of equity shares. The company plans to raise up to ₹4.89 crore by issuing 23,90,000 fully paid-up equity shares at a price of ₹20.47 per share.

The allotment is directed towards the promoters and members of the promoter group. This capital infusion is intended to strengthen the company's financial position through equity dilution among existing stakeholder groups.

Deal Structure and Pricing

The preferential issue involves the issuance of up to 23,90,000 equity shares with a face value of ₹10 each. The issue price of ₹20.47 per share represents a premium of ₹10.47 over the face value. The aggregate consideration for this transaction is capped at ₹4,89,23,300.00.

Regulatory Approval

The approval was granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE issued the in-principle approval via letter reference no. LOD/PREF/RB/FIP/829/2026-27 dated September 24, 2026. The company formally intimated this development to the stock exchange on September 25, 2026.

This regulatory clearance is a prerequisite for proceeding with the allotment of shares to the identified promoters and promoter group members.

Safa Systems & Technologies Limited has appointed Mr. Anupabraham Thaliyaparambil Joseph as an Additional Director in the category of Non-Executive Independent Director. The Board approved the move during its meeting on September 15, 2026, at the company’s registered office in Ernakulam, Kerala. The appointment remains subject to approval by the company’s members.

The Board also filed an application with the Registrar of Companies for the allotment of a Director Identification Number (DIN) to Mr. Joseph. This procedural step supports his proposed appointment as a director of the company.

Appointment Details

Mr. Joseph brings over a decade of entrepreneurial and managerial experience across the travel, electronics, retail, and service sectors. He holds a Bachelor of Commerce degree from Mahatma Gandhi University, Kerala. His professional expertise covers business management, operations, sales and distribution, customer relations, administration, after-sales services, and business development.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 12:15 pm and concluded at 3:15 pm. Faizal Bavaraparambil Abdul Khader, Managing Director, signed the communication.