Description
BSE announces listing of 1,07,250 equity shares of Spectrum Electrical Industries Limited issued at premium to promoters on preferential basis.
Summary
BSE has announced the listing of 1,07,250 equity shares of Spectrum Electrical Industries Limited (Scrip Code: 544386) effective from Thursday, August 28, 2025. These shares were issued at a premium of Rs. 1110/- per share to promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 1,07,250 equity shares of Rs. 10/- each listed
- Issue price: Rs. 1120/- (Rs. 10 face value + Rs. 1110 premium)
- Issued to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 15606591 to 15713840
- ISIN: INE01EO01010
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed of the new securities listing and permitted trading from the effective date.
Important Dates
- Allotment Date: July 24, 2025
- Trading Commencement: August 28, 2025
- Lock-in Period Ends: February 28, 2027
Impact Assessment
Minimal market impact as this represents a routine listing of shares issued to promoters through warrant conversion. The shares are subject to lock-in until February 28, 2027, preventing immediate trading by promoters.
Impact Justification
Routine listing of shares from warrant conversion with limited market impact