Description
BSE announces listing of 3,23,681 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) effective from Monday, August 18, 2025. These shares were issued at a premium to non-promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 3,23,681 equity shares of Rs. 2/- each issued at premium of Rs. 112/-
- Issued to non-promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Trading permitted from August 18, 2025
- All shares subject to lock-in period until February 14, 2026
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must take note of the new securities for trading purposes
- Lock-in provisions must be observed until February 14, 2026
Important Dates
- Allotment Date: May 24, 2025
- Trading Start Date: August 18, 2025
- Lock-in Period Ends: February 14, 2026
Impact Assessment
Minimal market impact as this is a routine listing of preferential allotment shares. The lock-in period ensures these shares cannot be traded immediately, limiting any potential dilution effect on existing shareholders.
Impact Justification
Routine listing of new equity shares with minimal market impact