Description

BSE approves listing of 30,35,714 new equity shares of TRUE GREEN BIO ENERGY LIMITED issued on preferential basis with trading effective July 28, 2025.

Summary

BSE has approved the listing of 30,35,714 new equity shares of TRUE GREEN BIO ENERGY LIMITED (Scrip Code: 533407) issued to non-promoters on a preferential basis pursuant to warrant conversion. These shares will commence trading on BSE from Monday, July 28, 2025.

Key Points

  • 30,35,714 new equity shares of Rs. 10/- each issued at premium of Rs. 60/-
  • Shares issued to non-promoters on preferential basis through warrant conversion
  • Issue price: Rs. 70.00 per share
  • Distribution numbers: 29921430 to 32957143
  • Date of allotment: June 18, 2025
  • ISIN: INE672K01025
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory framework changes. Standard listing procedure for preferential allotment following warrant conversion as per existing SEBI regulations.

Compliance Requirements

  • Trading members informed about new security availability for trading
  • Lock-in compliance must be maintained until February 28, 2026
  • Standard trading and settlement procedures apply
  • Shares subject to existing company governance and disclosure requirements

Important Dates

  • Allotment Date: June 18, 2025
  • Trading Commencement: July 28, 2025 (Monday)
  • Lock-in Period Ends: February 28, 2026
  • Notice Date: July 25, 2025

Impact Assessment

Market Impact: Medium - Addition of 30.36 lakh shares increases the free float moderately. The preferential allotment to non-promoters may improve liquidity and market participation.

Operational Impact: Low - Standard listing process with no operational changes to trading systems or procedures. The 8-month lock-in period provides stability during initial trading period.

Investor Impact: Medium - Existing shareholders experience dilution due to new share issuance, but the preferential allotment strengthens the company’s capital base and may attract institutional interest.

Impact Justification

Standard preferential allotment listing with moderate share count and standard lock-in period