Description
BSE approves listing of 19,79,349 new equity shares of Hindustan Foods Ltd. issued through warrant conversion, effective July 30, 2025.
Summary
BSE has approved the listing of 19,79,349 new equity shares of Hindustan Foods Ltd. (Scrip Code: 519126) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading on July 30, 2025.
Key Points
- 9,15,331 equity shares of Rs. 2/- each issued at premium of Rs. 544.25 (Issue price: Rs. 546.25)
- 10,64,018 equity shares of Rs. 2/- each issued at premium of Rs. 561.90 (Issue price: Rs. 563.90)
- All shares issued to non-promoters through warrant conversion
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 117502414 to 119481762
- ISIN: INE254N01026
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must note the new securities are available for trading
- Lock-in provisions apply to all 1,979,349 shares until February 6, 2025
Important Dates
- Allotment Date: June 18, 2025
- Trading Commencement: July 30, 2025
- Lock-in Period Ends: February 6, 2025
Impact Assessment
Moderate impact on Hindustan Foods Ltd. with approximately 19.79 lakh new shares entering the market. The preferential issue to non-promoters may affect shareholding pattern and trading volumes. Lock-in restrictions provide temporary market stability.
Impact Justification
Standard listing of new shares through warrant conversion with moderate market impact