Description

BSE approves listing of 61,000 equity shares of Venus Pipes & Tubes Limited issued through warrant conversion, effective August 11, 2025.

Summary

BSE has approved the listing of 61,000 equity shares of Venus Pipes & Tubes Limited (Scrip Code: 543528) issued through conversion of warrants on a preferential basis to promoters. The shares will be available for trading from August 11, 2025.

Key Points

  • 61,000 equity shares of Rs. 10/- each issued at premium of Rs. 1,690/-
  • Issued to promoters on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 20431111 to 20492110
  • ISIN: INE0JA001018

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

Trading members informed of new securities listing and trading permissions.

Important Dates

  • Allotment Date: June 19, 2025
  • Trading Commencement: August 11, 2025
  • Lock-in Period: Until February 27, 2027

Impact Assessment

Minimal market impact as this involves a small number of shares (61,000) issued to promoters through warrant conversion. The shares are subject to lock-in until February 2027, limiting immediate trading volume impact.

Impact Justification

Routine listing of converted warrants with limited market impact due to small share count and promoter allotment