Almondz Global Securities Ltd
Receipt of In-Principal Approval under Regulation 28 (1) of SEBI LODR Regulations for proposed preferential issue of the Company.
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 24 Jul 2026, 11:30 AM IST · BSE ID: acc7a4c1-29ef-4dfc-b487-5c186431b97e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company got preliminary stock exchange permission to issue new shares to its promoters by converting loans into equity.
🤖 AI Summary
- Almondz Global secured in-principle approval for preferential share issue.
- 1,63,18,538 equity shares to be issued to promoters at Rs. 15.32 each.
- Issue aims to convert Rs. 25,00,00,000 unsecured loan into equity.
- Approval received from BSE and NSE under SEBI LODR Regulations 28(1).
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares
1,63,18,538
Issue Price Per Equity Share
Rs. 15.32/-
Aggregate Unsecured Loan Amount
Rs. 25,00,00,000
BSE Approval Letter Date
July 23, 2026
NSE Approval Letter Date
June 23, 2026
🏢 How This Affects the Company
This preferential issue is a step in Almondz Global's capital raising plans, aimed at converting existing unsecured loans into equity. It does not directly alter current business operations or market position.
The conversion will reduce unsecured debt on the balance sheet by Rs. 25,00,00,000 and increase the equity base. This will impact the debt-to-equity ratio.
The approval is conditional, requiring compliance with various SEBI and exchange regulations. Non-compliance could lead to withdrawal of approval or impact listing.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders at this stage. Shareholders should monitor the subsequent steps for the completion of the preferential issue.
👤
Who Is Affected
Existing shareholders will be affected by a dilution in their percentage holding upon the issuance of new equity shares. This issue involves 1,63,18,538 equity shares.
🔍
Management Signal
This signals management's intent to deleverage the balance sheet by converting debt into equity, potentially strengthening the financial structure.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Confirmation of final approvals from stock exchanges.
Filing of listing application post-allotment of shares.
Completion of allotment of equity shares to promoters.
MEDIUM RISK
The preferential issue is subject to numerous conditions and regulatory approvals from exchanges and SEBI.
💡 Investor Takeaway
Almondz Global Securities received in-principle stock exchange approval to issue 1,63,18,538 equity shares to promoters, converting Rs. 25,00,00,000 unsecured loans at Rs. 15.32 per share.
⚖️ Strengths & Concerns
✅ Positives
- In-principle approval obtained from both BSE and NSE for the preferential issue.
- Conversion of unsecured loan aggregating to Rs. 25,00,00,000 into equity shares.
⚠️ Concerns
- The approval is conditional and requires fulfilment of stock exchange stipulated conditions.
- The company must ensure allottees provide undertakings against intra-day trading pre-allotment.
📅 Company Track Record
Almondz Global Securities previously announced the allotment of 80,00,000 fully convertible warrants at Rs. 16.58 each on June 29, 2026, following in-principle approval for these warrants.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is Almondz Global Securities' proposed preferential issue?
Almondz Global plans to issue 1,63,18,538 equity shares to promoters, converting an unsecured loan of Rs. 25,00,00,000.
What is the conversion price for the preferential issue?
The equity shares will be issued at a price not less than Rs. 15.32/- per equity share.
Which stock exchanges have given in-principle approval for this issue?
In-principle approval has been received from BSE Limited and National Stock Exchange of India Limited.
What was the aggregate value of the unsecured loan to be converted?
The unsecured loan to be converted into equity aggregates to Rs. 25,00,00,000.
Are there any conditions attached to the approval?
Yes, the approval is subject to the company fulfilling conditions such as filing listing applications and obtaining statutory approvals.
Questions based on this BSE filing only. For information purposes.