Fruition Venture Limited has received in-principle approval from BSE Limited for the issue of 25,00,000 warrants convertible into equity shares, marking a significant milestone in the company's capital raising initiative that was previously announced for board consideration.

BSE Approval Details

The company informed BSE Limited on January 2, 2026, about receiving the regulatory approval for its warrant issue. The approval covers the following key parameters:

Regulatory Framework and Compliance

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

The approval letter, dated January 1, 2026, outlined several compliance requirements that the company must adhere to, including provisions of the Companies Act 2013, Securities Contracts (Regulation) Act 1956, and Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018.

Key Compliance Requirements

BSE has advised Fruition Venture to strengthen internal controls to monitor trades executed by proposed allottees. The exchange has mandated specific undertakings:

• Allottees must confirm they will not engage in intra-day trading in the company's scrip
• No sale transactions in company shares until the allotment date
• Company must verify compliance with Regulation 167(6) of SEBI ICDR regulations 2018

Next Steps and Timeline

Following the approval, Fruition Venture will proceed with the allotment process and coordinate corporate actions with depositories. The company must submit a listing application within twenty days from the allotment date, as specified in SEBI circular dated June 21, 2023.

The Managing Director Nitin Aggarwal (DIN: 01616151) signed the regulatory disclosure, confirming the company's commitment to proceed with the warrant issue in accordance with all applicable regulations and compliance requirements.

Fruition Venture , a diversified company operating in the polymers and other products segments, has reported a significant turnaround in its financial performance for the first quarter. The company's board approved the unaudited financial results for the quarter ended June 30, revealing a robust recovery from previous losses.

Financial Highlights

• Net Profit: Rs 11.32 crore, compared to a loss of Rs 9.53 crore in the previous quarter and a loss of Rs 16.92 crore in the same quarter last year.
• Revenue from Operations: Increased to Rs 108.56 crore from Rs 100.71 crore in the previous quarter and Rs 32.68 crore in the corresponding quarter of the previous year.
• Total Comprehensive Income: Rs 13.49 crore for the quarter.
• Earnings Per Share (EPS): Improved to Rs 0.34 from a loss of Rs 0.44 in the previous quarter.

Segment-wise Performance

Fruition Venture operates in two main segments:

1. Polymers: Generated revenue of Rs 21.71 crore
2. Other Products: Contributed Rs 86.85 crore to the total revenue

Financial Position

Auditor's Review

The statutory auditors, Sunil K Gupta & Associates, have carried out a limited review of the results and issued an unmodified opinion on the unaudited financial results.

Looking Ahead

While the company has shown a remarkable turnaround, it's important to note that these results are for a single quarter. Investors and analysts will likely be watching closely to see if Fruition Venture can maintain this positive momentum in the coming quarters.

The company's diverse operations in polymers and other products seem to have contributed to its improved performance. As the global and domestic economic landscapes continue to evolve, Fruition Venture's ability to adapt and capitalize on market opportunities will be crucial for sustained growth.

Disclaimer: This article is based on the unaudited financial results of Fruition Venture Limited for the quarter ended June 30, as approved by its Board of Directors. Investors are advised to consult financial experts before making any investment decisions.