Standard Surfactants Limited Receives BSE In-Principle Approval for Preferential Issue of 8,00,000 Warrants

Standard Surfactants Limited has secured in-principle approval from BSE Limited for its proposed preferential issue of warrants convertible into equity shares. The approval marks a significant step in the company's capital raising initiative targeted at promoters.

BSE Approval Details

The company received the in-principle approval through BSE's letter bearing No. LOD/PREF/DA/FIP/1971/2025-26 dated March 30, 2026. This approval permits Standard Surfactants Limited to proceed with the proposed securities issue under the regulatory framework.

Parameter: Details Regulatory Authority: BSE Limited Approval Letter No.: LOD/PREF/DA/FIP/1971/2025-26 Approval Date: March 30, 2026 Scrip Code: 526231

Warrant Issue Specifications

The approved preferential issue involves specific terms for warrant conversion and pricing. The warrants are designed to provide promoters with the option to convert into equity shares at predetermined conditions.

Specification: Details Number of Warrants: 8,00,000 Convertible Shares: 8,00,000 equity shares Face Value: Rs. 10/- each Minimum Price: Rs. 58/- Allottee Category: Promoters Issue Type: Preferential basis

Impact and Compliance Requirements

Upon receiving the in-principle approval, Standard Surfactants Limited is now permitted to issue and allot the 8,00,000 warrants convertible into equity shares to the proposed allottees. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI LODR Regulations by informing the exchange about this development.

The BSE approval comes with specific compliance requirements that the company must adhere to during the issue process. These include:

Ensuring strict compliance with Companies Act, 2013 and various SEBI regulations

Obtaining necessary statutory and other approvals

Strengthening internal controls to monitor trading activities

Securing undertakings from allottees regarding trading restrictions

Post-Issue Obligations

Standard Surfactants Limited must complete several post-issue formalities following the allotment of securities. The company is required to make a listing application within twenty days from the date of allotment, as specified in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Non-compliance with this timeline will attract penalties as mentioned in the regulatory circular.

The BSE has reserved its right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or in contravention of applicable regulations and guidelines.

Standard Surfactants Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving a special resolution for the issuance of convertible warrants to promoter and promoter group members. The voting process concluded on March 16, 2026, at 5:00 p.m. (IST), with the scrutinizer submitting the final report on March 17, 2026, under Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Voting Results and Participation

The postal ballot witnessed strong shareholder support for the proposed resolution. The company reported that 11 members participated in the voting process, casting a total of 3,445 valid votes.

Voting Parameter: Details Total Members Voted: 11 Total Valid Votes Cast: 3,445 Votes in Favour: 3,425 (99.42%) Votes Against: 20 (0.58%) Resolution Status: Passed

The resolution pertained to the approval of issuance of convertible warrants on a preferential basis to persons belonging to the "Promoter & Promoter Group" category, which required approval as a special resolution.

Process Timeline and Compliance

The company followed a structured timeline for the postal ballot process, ensuring compliance with regulatory requirements. The postal ballot notice was dated February 14, 2026, and was dispatched electronically to members who had registered their email addresses with the depositories.

Process Milestone: Date Cut-off Date: February 13, 2026 Notice Date: February 14, 2026 E-voting Start: February 15, 2026 (9:00 a.m.) E-voting End: March 16, 2026 (5:00 p.m.) Scrutinizer Report: March 17, 2026

The company published public notices in 'Financial Express' (English) and 'Jansatta' (Hindi) on February 15, 2026, informing shareholders about the voting process and timeline.

Scrutinizer Appointment and Report

Shivansh Tiwari, Proprietor of Shivansh Tiwari & Associates and Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was responsible for ensuring fair and transparent voting procedures and submitted a comprehensive report confirming the validity of the results.

Scrutinizer Details: Information Name: Shivansh Tiwari Firm: Shivansh Tiwari & Associates Qualification: Company Secretary Membership Number: A33060 Appointment Date: February 14, 2026 Report Submission: March 17, 2026

The scrutinizer confirmed that the voting process was conducted in accordance with the provisions of Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations.

Detailed Voting Breakdown

The scrutinizer's report provided comprehensive details of the voting process, including the methodology and compliance framework. The votes were cast exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL).

Category: Shares Held Votes Polled Votes in Favour Votes Against Favour % Public-Non Institutions: 3,445 3,445 3,425 20 99.42% Total: 3,445 3,445 3,425 20 99.42%

The company had a total of 14,732 shareholders on the record date of February 13, 2026. The votes were unblocked and downloaded from NSDL's website at 6:15 p.m. on March 16, 2026, in the presence of two witnesses.

Regulatory Framework and Documentation

The postal ballot was conducted in compliance with various regulatory circulars and guidelines, including MCA General Circulars and SEBI LODR Regulations. The company utilized the remote e-voting facility provided by National Securities Depository Limited (NSDL) to enable electronic voting by shareholders. The voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting portal for transparency and accessibility to all stakeholders. The resolution is deemed to have been passed on March 16, 2026, the last date of e-voting.

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