Description
BSE announces listing of 364,972 new equity shares of Suyog Telematics Limited issued through preferential allotment to promoters upon warrant conversion.
Summary
BSE has announced the listing of 364,972 new equity shares of Suyog Telematics Limited (Scrip Code: 537259) effective from August 14, 2025. These shares were issued to promoters on a preferential basis following the conversion of warrants at an issue price of Rs. 570 per share.
Key Points
- 364,972 equity shares of Rs. 10 face value issued at Rs. 560 premium
- Shares issued to promoters through preferential allotment
- Trading commences on August 14, 2025
- New shares rank pari-passu with existing equity shares
- ISIN: INE442P01014
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for new equity shares.
Compliance Requirements
- Trading members can trade these securities from August 14, 2025
- All shares subject to standard lock-in provisions
Important Dates
- Allotment Date 1: March 29, 2025 (329,884 shares)
- Allotment Date 2: April 15, 2025 (35,088 shares)
- Trading Start Date: August 14, 2025
- Lock-in Period Expires: February 28, 2027
Impact Assessment
Minimal market impact as this is a routine listing of promoter shares with standard lock-in restrictions. The shares cannot be traded by promoters until February 2027, ensuring no immediate dilution pressure.
Impact Justification
Routine listing of new shares with standard lock-in provisions