Safa Systems allotment of 23.90 lakh equity shares to promoters and members of the promoter group was approved by its board on October 5, 2026, according to a BSE filing. Safa Systems & Technologies Ltd disclosed an aggregate consideration of ₹4,89,23,300 for the preferential issue through private placement.

The company allotted the fully paid-up shares at ₹20.47 each, comprising a face value of ₹10 and a premium of ₹10.47. Eight investors participated in the allotment, which followed the board meeting of August 19, 2026, and shareholder approval at the fifth annual general meeting on September 11, 2026.

The filing identified the company by BSE scrip code 543461 and symbol SSTL. It disclosed the allotment under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.

Managing director receives largest allotment

Managing Director and promoter Faizal Bavaraparambil Abdul Khader received 13 lakh shares for ₹2,66,11,000, the largest allocation among the eight investors. His holding increased from 28,84,000 shares, or 11.55%, to 41,84,000 shares, or 15.29%.

The remaining allocations were:

  • Bavaraparambil Hydrose Abdhul Kadher and Sruthi Muhammed Ali received 2.50 lakh shares each, for ₹51,17,500 apiece.
  • Safa Plywoods Private Limited received 1.50 lakh shares for ₹30,70,500.
  • Pathukunju Abdul Khader, Soumya Arakkal Ayyoob, Ayyoob Bavaraparambil Abdul Khader and Anaz Abdul Khader Bavaraparambil each received 1.10 lakh shares for ₹22,51,700.

The eight allottees’ combined shareholding rose from 1,10,77,550 shares, representing 44.35%, to 1,34,67,550 shares, representing 49.21%, according to the filing’s post-allotment shareholding statement.

Paid-up capital rises; listing application to follow

Following the allotment, the company’s paid-up equity share capital increases from ₹24,97,75,500 to ₹27,36,75,500. Its equity share count rises from 2,49,77,550 to 2,73,67,550, with the face value remaining ₹10 per share.

The newly allotted shares will rank equally with the existing equity shares in all respects. The company said it would apply to the stock exchange for listing and trading approval for these shares in due course.

The preferential issue falls under Chapter V of the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018. The board meeting began at 1:15 p.m. IST and concluded at 1:43 p.m. IST.