Description
BSE announces listing of 80,67,176 new equity shares of Vishal Fabrics Limited issued through preferential allotment via warrant conversion, effective August 19, 2025.
Summary
BSE has approved the listing of 80,67,176 new equity shares of Vishal Fabrics Limited (Scrip Code: 538598) issued through preferential allotment to non-promoters via warrant conversion. The shares will commence trading on August 19, 2025, and are subject to an 18-month lock-in period until February 27, 2026.
Key Points
- 80,67,176 equity shares of Rs. 5/- each issued at premium of Rs. 25.60/-
- Issue price: Rs. 30.60/- per share
- Allotment date: July 8, 2025
- Trading commencement: August 19, 2025
- Distribution numbers: 209542828 to 217610003
- ISIN: INE755Q01025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory framework changes. Standard listing process for preferential allotment through warrant conversion.
Compliance Requirements
- Trading members must update their systems for the new securities
- Lock-in compliance monitoring required for 18-month period
- Standard disclosure requirements for preferential allotment apply
Important Dates
- Allotment Date: July 8, 2025
- Trading Commencement: August 19, 2025
- Lock-in Period Ends: February 27, 2026
Impact Assessment
Significant equity dilution with over 8 crore new shares entering the market. The 18-month lock-in period provides temporary stability, but eventual release may impact stock liquidity and price. Non-promoter preferential allotment indicates capital raising activity, potentially for business expansion or debt reduction.
Impact Justification
Significant equity dilution of 8+ crore shares with 18-month lock-in period affects existing shareholders