Description
1.63 crore equity shares of Jain Irrigation Systems Ltd listed on BSE with effect from July 31, 2025, issued on preferential basis to promoters.
Summary
Jain Irrigation Systems Ltd (Scrip Code: 500219) has listed 1,63,21,607 new equity shares on BSE with effect from July 31, 2025. These shares were issued at Rs. 46.64 per share (face value Rs. 2 plus premium Rs. 44.64) to promoters on preferential basis pursuant to conversion of warrants.
Key Points
- 1,63,21,607 equity shares of Rs. 2/- each issued at premium of Rs. 44.64/-
- Shares issued to promoters on preferential basis through warrant conversion
- Issue price: Rs. 46.64 per share
- Distribution numbers: 698288385 to 714609991
- Date of allotment: May 22, 2025
- ISIN: INE175A01038
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed about the listing of new securities for trading purposes.
Important Dates
- Allotment Date: May 22, 2025
- Trading Commencement: July 31, 2025
- Lock-in Period: Until January 30, 2027
Impact Assessment
The preferential allotment increases the total equity base of Jain Irrigation Systems Ltd. All new shares are subject to lock-in until January 30, 2027, preventing immediate trading by promoters. This represents a significant capital infusion for the company through warrant conversion.
Impact Justification
Significant equity dilution through preferential allotment affects shareholding structure