Description
BSE lists 8 million new equity shares of Adishakti Loha and Ispat Limited issued through warrant conversion with specific lock-in periods.
Summary
BSE has listed 8 million new equity shares of Adishakti Loha and Ispat Limited (Scrip Code: 543377) issued through conversion of warrants on a preferential basis to promoters and non-promoters. Trading commences August 14, 2025.
Key Points
- 8 million equity shares of Rs. 10/- each issued at Rs. 12.80 (including Rs. 2.80 premium)
- Shares issued through warrant conversion on preferential basis
- Distribution numbers: 4558001 to 12558000
- Shares rank pari-passu with existing equity shares
- ISIN: INE0CWK01019
Regulatory Changes
No regulatory changes introduced - standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members must update systems for new share availability
- Lock-in restrictions must be enforced as specified
- Standard listing compliance requirements apply
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
Medium impact due to significant increase in tradeable shares. Lock-in periods will limit immediate market supply, with staggered release over two years affecting liquidity and price discovery.
Impact Justification
Standard equity listing with lock-in provisions affecting specific shareholder categories