Description
BSE approves listing of 22,168 equity shares of Suyog Telematics Limited issued on preferential basis to promoters at Rs. 570 per share.
Summary
BSE has approved the listing of 22,168 new equity shares of Suyog Telematics Limited (Scrip Code: 537259) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading on August 14, 2025.
Key Points
- 22,168 equity shares of Rs. 10/- each issued at premium of Rs. 560/-
- Issue price: Rs. 570/- per share
- Allotted to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 11167453 to 11189620
- ISIN: INE442P01014
Regulatory Changes
No regulatory changes. This is a routine listing of shares pursuant to warrant conversion under existing regulations.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period applies until February 14, 2027 for all 22,168 shares
Important Dates
- Allotment Date: May 5, 2025
- Trading Commencement: August 14, 2025
- Lock-in Period Ends: February 14, 2027
Impact Assessment
Minimal market impact due to small number of shares and lock-in restrictions. The shares are restricted from trading until February 2027, limiting immediate market supply. Represents routine corporate action for warrant conversion by promoters.
Impact Justification
Routine listing of small number of shares through warrant conversion with minimal market impact