Description
BSE permits trading of 3,23,681 new equity shares of Walchandnagar Industries Ltd issued through warrant conversion, effective August 18, 2025.
Summary
BSE has approved the listing of 3,23,681 new equity shares of Walchandnagar Industries Ltd (Scrip Code: 507410) issued through conversion of warrants on a preferential basis to non-promoters. 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/-
- Shares issued to non-promoters on preferential basis pursuant to warrant conversion
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 67459596 to 67783276
- Issue price: Rs. 114/- per share
- ISIN: INE711A01022
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new securities.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period applicable until February 14, 2026
- All 3,23,681 shares subject to lock-in restrictions
Important Dates
- Allotment Date: May 24, 2025
- Trading Commencement: August 18, 2025
- Lock-in Period End: February 14, 2026
Impact Assessment
Minimal market impact expected as this represents a small increase in share capital through warrant conversion. The lock-in period until February 2026 restricts immediate trading of these shares, limiting any potential dilution effect on existing shareholders.
Impact Justification
Routine listing of new shares from warrant conversion with limited market impact