Description
BSE announces listing of 8 million new equity shares of Adishakti Loha and Ispat Limited issued through preferential allotment with warrant conversion.
Summary
BSE has approved the listing of 8 million new equity shares of Adishakti Loha and Ispat Limited (Scrip Code: 543377) effective August 14, 2025. These shares were issued through preferential allotment to promoters and non-promoters following warrant conversion at Rs. 12.80 per share.
Key Points
- 8 million equity shares of Rs. 10 face value issued at Rs. 2.80 premium
- Shares issued through preferential basis pursuant to warrant conversion
- Distribution numbers: 4558001 to 12558000
- Allotment date: May 16, 2025
- Issue price: Rs. 12.80 per share
- ISIN: INE0CWK01019
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment shares.
Compliance Requirements
- Trading members informed of new securities available for trading
- Lock-in restrictions apply as specified
- Standard compliance with listing regulations
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 on existing shareholders due to 8 million share dilution. Lock-in provisions (2 million shares until 2027, 6 million until 2026) will restrict immediate trading volume. Preferential allotment strengthens promoter holding and provides capital for business expansion.
Impact Justification
Standard equity listing with lock-in provisions affects shareholders and trading patterns