Description

BSE announces listing of 12,18,000 equity shares of Novateor Research Laboratories Limited issued through warrant conversion, effective August 29, 2025.

Summary

BSE has announced the listing of 12,18,000 new equity shares of Novateor Research Laboratories Limited (Scrip Code: 542771) effective from August 29, 2025. These shares were issued at Rs. 28 per share (Rs. 10 face value + Rs. 18 premium) to promoters and non-promoters through conversion of warrants on a preferential basis.

Key Points

  • 12,18,000 equity shares of Rs. 10 face value each issued at Rs. 28 per share
  • Shares issued through warrant conversion on preferential basis
  • Distribution numbers: 4834171 to 6052170
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE08JY01013

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Lock-in period compliance as specified below

Important Dates

  • Allotment Date: May 30, 2025
  • Trading Effective Date: August 29, 2025
  • Lock-in Expiry:
    • 1,80,000 shares (Dist. Nos. 4834171-5014170): February 28, 2027
    • 10,38,000 shares (Dist. Nos. 5014171-6052170): February 28, 2026

Impact Assessment

Limited market impact as this is a routine listing of additional shares through warrant conversion. The lock-in periods ensure gradual market availability of these securities, minimizing immediate supply pressure.

Impact Justification

Routine listing of additional shares through warrant conversion with limited market impact