Description
49,48,537 equity shares of Indian Terrain Fashions Limited listed for trading from August 12, 2025, issued on preferential basis with lock-in until May 31, 2026.
Summary
Indian Terrain Fashions Limited (Scrip Code: 533329) has listed 49,48,537 new equity shares of Rs. 2/- each on BSE, effective from August 12, 2025. These shares were issued at a premium of Rs. 48.52/- to non-promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 49,48,537 equity shares of Rs. 2/- each listed for trading
- Issued at premium of Rs. 48.52/- (total issue price Rs. 50.52/-)
- Issued to non-promoters on preferential basis
- Shares issued pursuant to conversion of warrants
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 45718831 to 50667367
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members informed of new securities available for trading
- Lock-in provisions apply to all newly issued shares
- Standard listing compliance requirements applicable
Important Dates
- Date of Allotment: May 27, 2025
- Trading Commencement: August 12, 2025
- Lock-in Period Ends: May 31, 2026
Impact Assessment
The listing increases the company’s equity base by approximately 49.5 lakh shares, representing potential dilution for existing shareholders. The one-year lock-in period until May 31, 2026, provides stability by preventing immediate selling pressure. The preferential issue to non-promoters may indicate capital raising for business expansion or debt reduction.
Impact Justification
Significant equity dilution through preferential issue affecting existing shareholders