Description
BSE announces listing of 3,23,681 new equity shares of Walchandnagar Industries Ltd issued on preferential basis pursuant to warrant conversion, effective August 18, 2025.
Summary
BSE has announced the listing of 3,23,681 new equity shares of Walchandnagar Industries Ltd (Scrip Code: 507410) issued on a preferential basis to non-promoters pursuant to warrant conversion. The shares will commence trading on August 18, 2025.
Key Points
- 3,23,681 equity shares of Rs. 2/- each issued at premium of Rs. 112/-
- Issue price: Rs. 114/- per share
- Issued to non-promoters on preferential basis
- Securities issued pursuant to conversion of warrants
- Shares rank pari-passu with existing equity shares
- ISIN: INE711A01022
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period applicable until February 14, 2026
Important Dates
- Allotment Date: May 24, 2025
- Trading Commencement: August 18, 2025
- Lock-in Period Ends: February 14, 2026
Impact Assessment
Minimal market impact as this represents a small preferential issue. The lock-in period until February 2026 ensures these shares cannot be immediately traded by allottees, providing market stability.
Impact Justification
Routine listing of small preferential issue with minimal market impact