Description
BSE approves listing of 132,000 new equity shares of Taylormade Renewables Limited issued through warrant conversion, effective August 19, 2025.
Summary
BSE has approved the listing of 132,000 new equity shares of Taylormade Renewables Limited (Scrip Code: 541228) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading on August 19, 2025.
Key Points
- 132,000 equity shares of Rs. 10/- each issued at premium of Rs. 233/-
- Issue price: Rs. 243/- per share
- Shares issued to non-promoters on preferential basis
- Securities rank pari-passu with existing equity shares
- Distribution numbers: 11477604 to 11609603
- ISIN: INE459Z01017
Regulatory Changes
No regulatory changes introduced. This is a routine listing approval following warrant conversion.
Compliance Requirements
- Trading members can commence trading these securities from August 19, 2025
- All 132,000 shares subject to lock-in period until February 19, 2026
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: January 7, 2025
- Trading Commencement: August 19, 2025
- Lock-in Period Ends: February 19, 2026
Impact Assessment
Minimal market impact expected due to small number of shares (132,000) and lock-in restrictions preventing immediate trading by allottees. The preferential allotment represents capital raising activity by the company through warrant conversion mechanism.
Impact Justification
Routine listing of small number of shares through warrant conversion with minimal market impact