Description
BSE announces listing of 24.14 crore equity shares of Mehai Technology Limited issued through warrant conversion at Rs. 3.50 per share.
Summary
BSE has announced the listing of 24.14 crore equity shares of Mehai Technology Limited (Scrip Code: 540730) issued through conversion of warrants on a preferential basis to promoters and non-promoters at Rs. 3.50 per share.
Key Points
- 24.14 crore equity shares of Rs. 1/- each issued at premium of Rs. 2.50
- Shares issued through conversion of warrants on preferential basis
- Issue price: Rs. 3.50 per share
- Allotment date: June 9, 2025
- Trading commences: August 25, 2025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in provisions apply to allotted shares as per regulatory requirements
Important Dates
- Allotment Date: June 9, 2025
- Trading Commencement: August 25, 2025
- Lock-in Expiry (Batch 1): February 28, 2026 (11.14 crore shares)
- Lock-in Expiry (Batch 2): February 28, 2027 (13 crore shares)
Impact Assessment
Routine listing announcement with minimal market impact. The conversion of warrants increases the company’s equity base and provides additional capital. Lock-in periods ensure stability in shareholding structure over the next 1-2 years.
Impact Justification
Routine listing of shares from warrant conversion with standard lock-in periods