Suditi Industries Ltd. has secured in-principal approval from BSE for a significant preferential issue of equity shares and warrants. The Mumbai-based company announced this development on March 17, 2026, following receipt of the exchange's approval letter dated March 16, 2026.

Preferential Issue Details

The BSE approval covers two key components of the preferential issue:

Regulatory Framework and Compliance

The approval was granted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE emphasized that this in-principal approval should not be construed as approval for listing of the securities, which requires separate compliance procedures.

Suditi Industries must ensure strict adherence to multiple regulatory frameworks including:

• Companies Act, 2013
• Securities Contracts (Regulation) Act, 1956
• SEBI Act, 1992
• Depositories Act, 1996
• Chapter V of SEBI (ICDR) Regulations, 2018
• SEBI (LODR) Regulations, 2015

Key Compliance Requirements

BSE has outlined specific compliance measures that Suditi Industries must implement:

Internal Controls and Monitoring

The company must strengthen internal controls to monitor trades executed by proposed allottees. This includes obtaining undertakings from allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date.

Post-Allotment Obligations

Upon securities allotment, the company must submit a listing application within twenty days from the allotment date, as per Schedule XIX – Para (2) of ICDR Regulations and SEBI circular dated June 21, 2023. Non-compliance with this timeline will attract penalties as specified in the regulatory circular.

Next Steps and Timeline

Suditi Industries must now focus on obtaining necessary statutory approvals and ensuring full regulatory compliance before proceeding with the allotment. The company will need to make a separate listing application with applicable fees under Regulation 14 of LODR Regulations following the securities allotment.

BSE reserves the right to withdraw this in-principal approval if any submitted information is found incomplete, incorrect, misleading, or in contravention of applicable rules and regulations. The approval represents a significant step forward for Suditi Industries' capital raising plans, subject to meeting all regulatory requirements.

Suditi Industries Limited has announced a significant shareholding change following the disposal of equity shares by promoter Pawan Agarwal. The company filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the open market sale transaction completed on December 31, 2025.

Transaction Details

The disposal involved 10,00,000 equity shares sold by Pawan Kishorilal Agarwal, who serves as both Director and Promoter of the company. The transaction was executed through an open market sale, representing 2.52% of the total share capital and 1.93% of the total diluted share capital.

Impact on Shareholding Pattern

The disposal resulted in a reduction of the promoter and promoter group's collective shareholding in the company. Before the transaction, the promoter group held 2,13,01,545 shares, representing 53.77% of the total share capital. Post-disposal, their holding decreased to 2,03,01,545 shares, accounting for 51.25% of the total share capital.

Promoter Group Composition

The promoter group comprises twelve entities, including individual promoters and corporate entities. Key members include Shalini Pawan Agarwal (3,26,044 shares), Intime Knits Private Limited (40,00,000 shares), and Black Gold Leasing Pvt Ltd (15,19,717 shares). The disposal affected only Pawan Agarwal's individual holding, while other promoter group members maintained their existing shareholdings.

Warrant Holdings Unchanged

The company's warrant structure remained unaffected by the equity share disposal. The promoter group continues to hold 1,20,00,000 warrants, representing 23.11% of the diluted share capital. Pawan Agarwal holds 30,00,000 warrants, while his sons Harsh, Tanuj, and Tanay Pawan Agarwal each hold 30,00,000 warrants.

Company Capital Structure

Suditi Industries Limited maintains its equity share capital at Rs. 39,61,62,910, divided into 3,96,16,291 equity shares of Rs. 10 each. The total diluted share capital, including warrants, stands at Rs. 51,91,62,910, comprising 5,19,16,291 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited with scrip code 521113.