Description
BSE lists 12,18,000 new equity shares of Novateor Research Laboratories Limited issued through warrant conversion on preferential basis.
Summary
BSE has listed 12,18,000 new equity shares of Novateor Research Laboratories Limited (Scrip Code: 542771) issued through conversion of warrants on a preferential basis. The shares will be available for trading from August 29, 2025.
Key Points
- 12,18,000 equity shares of Rs. 10/- each issued at premium of Rs. 18/-
- Issued to promoters and non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 4834171 to 6052170
- Issue price: Rs. 28/- per share
- ISIN: INE08JY01013
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
Trading members are informed about the new securities listing and trading permissions.
Important Dates
- Allotment Date: May 30, 2025
- Trading Commencement: August 29, 2025
- Lock-in Period: 1,80,000 shares locked until February 28, 2027; 10,38,000 shares locked until February 28, 2026
Impact Assessment
Minimal market impact as this is a routine listing of shares from warrant conversion. The lock-in periods will limit immediate trading volume. Existing shareholders may see dilution effects from the new share issuance.
Impact Justification
Routine listing of new shares from warrant conversion with limited market impact