Vaswani Industries Secures Approval for ₹8 Crore Preferential Share Issue to Promoters
Vaswani Industries Limited has received in-principle approvals from BSE and NSE for a preferential share issue to promoters. The company can issue 16,00,000 equity shares at a minimum price of ₹50 per share, potentially raising ₹8 crore. The approvals, granted on July 30 and 31, 2025, come with conditions including filing listing applications, obtaining statutory approvals, and complying with SEBI regulations. NSE has advised strengthening internal controls for monitoring trades by allottees. The company must obtain undertakings from allottees to prevent intra-day trading and selling of shares until the allotment date.