Description
BSE announces listing of 7.5 million new equity shares of Vishal Fabrics Limited issued on preferential basis with lock-in until March 2026.
Summary
BSE has announced the listing of 7.5 million new equity shares of Vishal Fabrics Limited (Scrip Code: 538598) effective August 25, 2025. These shares were issued to non-promoters on a preferential basis pursuant to warrant conversion.
Key Points
- 7.5 million equity shares of Rs. 5 face value issued at Rs. 30.60 per share
- Shares issued at premium of Rs. 25.60 to non-promoters
- Conversion of existing warrants into equity shares
- New shares rank pari-passu with existing equity shares
- All shares subject to lock-in until March 14, 2026
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification following warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in restrictions apply to all 7.5 million shares until March 14, 2026
- ISIN: INE755Q01025 assigned to the securities
Important Dates
- Allotment Date: July 15, 2025
- Trading Commencement: August 25, 2025
- Lock-in Expiry: March 14, 2026
Impact Assessment
Limited immediate market impact due to complete lock-in of all new shares until March 2026. The preferential issue increases the company’s equity base but shares cannot be traded until lock-in period expires. Normal trading activity expected for existing freely tradable shares.
Impact Justification
Routine listing of converted warrants with limited market impact due to lock-in period