Description
BSE announces listing of 1,07,250 equity shares of Spectrum Electrical Industries Limited issued to promoters on preferential basis, effective from August 28, 2025.
Summary
BSE has announced the listing of 1,07,250 new equity shares of Spectrum Electrical Industries Limited (Scrip Code: 544386) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading from Thursday, August 28, 2025.
Key Points
- 1,07,250 equity shares of Rs. 10/- each issued at premium of Rs. 1110/-
- Issue price: Rs. 1120/- per share
- Shares issued to promoters on preferential basis through warrant conversion
- Distribution numbers: 15606591 to 15713840
- Date of allotment: July 24, 2025
- ISIN: INE01EO01010
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- Lock-in provisions apply to all issued shares until February 28, 2027
Important Dates
- Date of Allotment: July 24, 2025
- Trading Commencement: August 28, 2025
- Lock-in Period Ends: February 28, 2027
Impact Assessment
Limited market impact as this involves preferential allotment to promoters with a lock-in period of approximately 18 months. The shares cannot be traded by allottees until February 2027, preventing immediate dilution effects on existing shareholders.
Impact Justification
Standard listing notice for preferential allotment to promoters with lock-in period