Description
BSE announces listing of 49,48,537 equity shares of Indian Terrain Fashions Limited issued on preferential basis pursuant to warrant conversion, effective August 12, 2025.
Summary
BSE has announced the listing of 49,48,537 new equity shares of Indian Terrain Fashions Limited (Scrip Code: 533329) effective from Tuesday, August 12, 2025. These shares were issued to non-promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 49,48,537 equity shares of Rs. 2/- each issued at premium of Rs. 48.52/-
- Issue price: Rs. 50.52 per share
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 45718831 to 50667367
- ISIN: INE611L01021
- Date of allotment: May 27, 2025
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members are informed about the new securities listing
- Lock-in period applies until May 31, 2026 for all issued shares
Important Dates
- Trading Start Date: August 12, 2025
- Allotment Date: May 27, 2025
- Lock-in Period End: May 31, 2026
Impact Assessment
This is a routine corporate action with minimal market impact. The preferential issue represents warrant conversion by non-promoters, adding to the company’s equity base. The one-year lock-in period ensures these shares cannot be traded immediately, limiting any potential dilution impact on existing shareholders.
Impact Justification
Routine listing of additional shares from warrant conversion with minimal market impact