Description
BSE announces listing of 8 million equity shares of Adishakti Loha and Ispat Limited issued through warrant conversion, effective August 14, 2025.
Summary
BSE has announced the listing of 8 million new equity shares of Adishakti Loha and Ispat Limited (Scrip Code: 543377) effective from August 14, 2025. These shares were issued through conversion of warrants on a preferential basis to promoters and non-promoters at Rs. 12.80 per share.
Key Points
- 8 million equity shares of Rs. 10/- each issued at premium of Rs. 2.80
- Shares issued through warrant conversion on preferential basis
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 4558001 to 12558000
- ISIN: INE0CWK01019
- Issue price: Rs. 12.80 per share
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in provisions apply to issued shares as specified
- Standard trading rules and regulations applicable
Important Dates
- Allotment Date: May 16, 2025
- Trading Commencement: August 14, 2025
- Lock-in Expiry (6M shares): February 19, 2026
- Lock-in Expiry (2M shares): February 19, 2027
Impact Assessment
Moderate impact limited to Adishakti Loha and Ispat Limited shareholders and traders. The listing increases the company’s tradeable share capital by 8 million shares. Lock-in provisions ensure gradual release of shares to market, with majority (6 million shares) becoming freely tradeable by February 2026.
Impact Justification
New equity listing affects company's share capital and trading availability but limited to specific company