Description
BSE announces listing of 2.09 crore equity shares of Chartered Logistics Ltd issued through preferential allotment via warrant conversion, effective September 5, 2025.
Summary
BSE has approved the listing of 2,09,00,000 new equity shares of Chartered Logistics Ltd (Scrip Code: 531977) issued through preferential allotment to non-promoters via warrant conversion. The shares will commence trading on September 5, 2025, and are subject to lock-in restrictions until March 8, 2026.
Key Points
- 2.09 crore equity shares of Rs. 1/- each issued at premium of Rs. 6.80/-
- Issue price: Rs. 7.80 per share
- Allotted to non-promoters through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 99340001 to 120240000
- ISIN: INE558F01026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must note the new securities available for trading
- Lock-in provisions must be observed for the specified period
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: December 28, 2025
- Trading Commencement: September 5, 2025
- Lock-in Period Ends: March 8, 2026
Impact Assessment
The listing represents a significant dilution of approximately 26.8% (assuming previous share capital). The preferential allotment to non-promoters may alter the company’s shareholding pattern and improve public float. The 18-month lock-in period provides stability but limits immediate liquidity of these shares.
Impact Justification
Significant equity dilution through warrant conversion affecting existing shareholders and market liquidity