Description
BSE announces listing of 24.14 crore equity shares of Mehai Technology Limited issued through warrant conversion, effective August 25, 2025.
Summary
BSE has announced the listing of 24,14,00,000 equity shares of Mehai Technology Limited (Scrip Code: 540730) effective from Monday, August 25, 2025. These shares were issued at Rs. 3.50 per share through conversion of warrants on a preferential basis to promoters and non-promoters.
Key Points
- 24.14 crore equity shares of Rs. 1/- each issued at Rs. 2.50 premium
- Issue price: Rs. 3.50 per share
- Allotment date: June 9, 2025
- Trading commencement: August 25, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE062Y01020
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the new securities for trading operations
- Lock-in provisions must be observed as specified
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: June 9, 2025
- Trading Commencement: August 25, 2025
- Lock-in Expiry (13 crore shares): February 28, 2027
- Lock-in Expiry (11.14 crore shares): February 28, 2026
Impact Assessment
Significant equity dilution with 24.14 crore new shares entering the market. The staggered lock-in periods (2026 and 2027) will control immediate supply. Market impact depends on current outstanding shares and trading volumes. Investors should monitor for potential price volatility upon listing commencement.
Impact Justification
Significant equity dilution with 24.14 crore new shares but company-specific impact