NewsCorporate ActionsDevinsu Trading Limited Completes ₹30.8 Crore Preferential Share AllotmentDevinsu Trading Limited Completes ₹30.8 Crore Preferential Share Allotment
Devinsu Trading Limited completed its preferential share allotment raising ₹30.8 crores through 88,000 equity shares at ₹350 per share. The allotment increased paid-up capital from ₹5.00 crores to ₹5.88 crores, with Denis Desai acquiring 80,000 shares and five non-promoter entities receiving the balance, following full regulatory compliance.
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Devinsu Trading Limited has successfully completed its preferential share allotment, raising ₹30.8 crores through the issuance of 88,000 equity shares. The Board of Directors approved the allotment on January 8, 2026, following the resolution passed in the Annual General Meeting held on August 11, 2025.
Board Meeting Outcome
The Board of Directors meeting concluded at 12:30 p.m. on January 8, 2026, where they considered and approved the allotment of 88,000 equity shares at ₹350.00 per share. The allotment comprises a face value of ₹10.00 and a premium of ₹340.00 per share, aggregating to ₹3,08,00,000.
| Meeting Details: | Information |
|---|---|
| Meeting Date: | January 8, 2026 |
| Meeting Conclusion Time: | 12:30 p.m. |
| Total Amount Raised: | ₹3,08,00,000 |
| Issue Price per Share: | ₹350.00 |
Share Allotment Details
The company successfully allotted shares to six investors across promoter and non-promoter categories, achieving 100% subscription of the targeted amount.
| Investor Category: | Allottee Name | Shares Allotted |
|---|---|---|
| Promoter Group: | Denis Desai | 80,000 |
| Non-Promoter: | Frenzy Commercial Private Limited | 2,000 |
| Non-Promoter: | Gaganbase Vincom Private Limited | 2,000 |
| Non-Promoter: | Hirise Infracon Limited | 2,000 |
| Non-Promoter: | Ketan Girish Malkan | 1,000 |
| Non-Promoter: | Manoj H. Mehta HUF | 1,000 |
| Total: | 88,000 |
Capital Structure Impact
The preferential allotment has resulted in a significant expansion of the company's equity base. The paid-up equity capital increased from ₹5.00 crores to ₹5.88 crores, representing a 17.60% increase in the share capital.
| Parameter: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | ₹5.00 crores | ₹5.88 crores |
| Number of Shares: | 5,00,000 | 5,88,000 |
| Face Value per Share: | ₹10.00 | ₹10.00 |
Regulatory Compliance
The preferential allotment was conducted in accordance with Sections 42 and 62 of the Companies Act, 2013, and received in-principle approval from BSE Limited through letter number LOD/PREF/MV/FIP/1453/2025-26 dated December 30, 2025. The allotment complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Master Circular dated November 11, 2024, and SEBI Circular dated December 31, 2024.
Historical Stock Returns for Devinsu Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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