News Corporate Actions Windsor Machines Limited Receives In-Principle Approval for Preferential Issue of 737680 Equity SharesWindsor Machines Limited Receives In-Principle Approval for Preferential Issue of 737680 Equity Shares
Windsor Machines Limited has received in-principle approval from NSE and BSE for issuing 737680 equity shares of Rs. 2/- each on preferential basis to non-promoters under share swap arrangement. The approvals came through letters dated January 28-29, 2026, with shares priced at not less than Rs. 338.90 each. Both exchanges have outlined compliance conditions including regulatory adherence, internal control strengthening, and timely listing application submission within twenty days of allotment.
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Windsor Machines Limited has secured in-principle approval from both major Indian stock exchanges for a preferential equity issue. The company announced receipt of regulatory approvals for issuing 737680 equity shares of Rs. 2/- each to non-promoters on a preferential basis.
Exchange Approvals and Timeline
The company received approvals from both exchanges within a day of each other. The National Stock Exchange of India Limited granted approval through letter NSE/LIST/51880 dated January 29, 2026, while BSE Limited provided its consent via letter LOD/PREF/SS/FIP/1598/2025-2026 dated January 28, 2026.
| Parameter | Details |
|---|---|
| Number of Shares | 737680 equity shares |
| Face Value | Rs. 2/- each |
| Issue Price | Not less than Rs. 338.90 |
| Issue Type | Preferential basis to non-promoters |
| Arrangement | Share swap |
Regulatory Conditions and Compliance Requirements
Both exchanges have outlined specific conditions that Windsor Machines must fulfill. The approvals are subject to compliance with various regulatory frameworks including SEBI (LODR) Regulations 2015, Companies Act 2013, and other applicable laws.
Key conditions include:
- Filing listing application at the earliest from the date of allotment
- Receipt of statutory and other approvals from authorities including SEBI, RBI, and MCA
- Compliance with all applicable guidelines and regulations
- Submission of required documents and payment of applicable fees
Internal Controls and Trading Restrictions
Both NSE and BSE have emphasized the need for strengthened internal controls to monitor trades executed by proposed allottees. The exchanges have mandated specific undertakings from allottees to prevent non-compliance with SEBI (ICDR) Regulations.
The company must obtain undertakings from allottees confirming they will not engage in intra-day trading or sell company shares until the allotment date. The responsibility for verification and compliance lies solely with Windsor Machines Limited, with potential impact on share listing if non-compliance is observed.
Post-Allotment Requirements
Upon completion of the allotment, Windsor Machines must submit a listing application within twenty days as per Schedule XIX of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract penalties as specified in the regulatory circular.
Both exchanges have reserved the right to withdraw their in-principle approval if submitted information is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations. The approvals are granted under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Historical Stock Returns for Windsor Machines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.42% | +7.30% | -3.53% | -20.30% | -10.75% | +1,404.27% |
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