Almondz Global Securities receives in-principle approval for preferential issue
Almondz Global Securities received in-principle approval for a preferential issue of 80,00,000 warrants convertible into equity shares at Rs. 16.58 each. Approvals received from BSE and NSE on June 19, 2026. Warrants to be issued to non-promoters.
The preferential issue is a significant corporate action that could impact the company's capital structure and shareholder base. However, the approval is still in-principle and subject to further conditions.
The company has received in-principle approval for a preferential issue, which is a positive development for fundraising and potential growth.
Almondz Global Securities Limited has received in-principle approval from BSE Limited and National Stock Exchange of India Limited for a proposed preferential issue. The approval, granted under Regulation 28(1) of SEBI LODR Regulations, pertains to the issuance of 80,00,000 warrants convertible into an equal number of equity shares.
Each warrant will be convertible into one equity share of Rs. 1/- each, at a price not less than Rs. 16.58/- per equity share. These securities are to be issued to Non-promoters on a preferential basis. The approval letters from BSE Limited and National Stock Exchange of India Limited were dated June 19, 2026.
The stock exchanges have stipulated several conditions for the final approval, including the filing of listing applications post-allotment, securing all necessary statutory and regulatory approvals, and compliance with SEBI, RBI, MCA, and other applicable guidelines. The company has also been advised to strengthen internal controls to monitor trades by proposed allottees and to obtain undertakings from them confirming they will not engage in intra-day trading or sell shares until the allotment date, in compliance with SEBI (ICDR) Regulations.
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Almondz Global Securities Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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