Description
BSE lists 5,60,000 new equity shares of Dev Labtech Venture Limited issued through warrant conversion, effective August 4, 2025.
Summary
BSE has approved the listing of 5,60,000 new equity shares of Dev Labtech Venture Limited (Scrip Code: 543848) issued through conversion of warrants on a preferential basis to promoters. The shares will commence trading on August 4, 2025.
Key Points
- 5,60,000 equity shares of Rs. 10/- each issued at premium of Rs. 52/-
- Shares issued to promoters on preferential basis pursuant to warrant conversion
- Issue price: Rs. 62.00 per share
- Shares rank pari-passu with existing equity shares
- ISIN: INE0NIJ01017
- Distinct numbers: 11303140 to 11863139
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance required for all 5,60,000 shares until February 28, 2027
Important Dates
- Allotment Date: April 30, 2025
- Trading Commencement: August 4, 2025
- Lock-in Period Ends: February 28, 2027
Impact Assessment
Minimal market impact as this is a routine preferential allotment to promoters with extended lock-in period. The shares represent warrant conversion and will not immediately affect market liquidity due to lock-in restrictions.
Impact Justification
Routine listing of new shares through warrant conversion with limited market impact