Description
BSE announces listing of 8.07 crore equity shares of Vishal Fabrics Limited issued through conversion of warrants on preferential basis.
Summary
BSE has announced the listing of 8,06,71,760 new equity shares of Vishal Fabrics Limited (Scrip Code: 538598) effective from August 19, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters at Rs. 30.60 per share.
Key Points
- 8,06,71,760 equity shares of Rs. 5/- each listed
- Issued at premium of Rs. 25.60 per share (total price Rs. 30.60)
- Allotted to non-promoters on preferential basis
- Shares issued pursuant to conversion of warrants
- Trading permitted from Tuesday, August 19, 2025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes involved - standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members can commence trading from August 19, 2025
- All newly listed shares subject to lock-in restrictions
- ISIN: INE755Q01025 to be used for trading
Important Dates
- Allotment Date: July 8, 2025
- Trading Commencement: August 19, 2025
- Lock-in Period Ends: February 27, 2026
Impact Assessment
Moderate dilution impact with 8.07 crore new shares entering the market. The preferential allotment to non-promoters may improve public shareholding. Lock-in period until February 2026 will restrict immediate liquidity of these shares, potentially limiting downward pressure on stock price.
Impact Justification
Regular listing announcement for existing company with moderate share dilution