Description

BSE announces listing of 3,100,000 equity shares of Lloyds Metals and Energy Limited issued on preferential basis pursuant to warrant conversion, effective October 9, 2025.

Summary

BSE has announced the listing and trading commencement of 3,100,000 equity shares of Lloyds Metals and Energy Limited (Scrip Code: 512455) effective from Thursday, October 9, 2025. These shares were issued to non-promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 740 per share.

Key Points

  • 3,100,000 equity shares of face value Rs. 1 each listed
  • Issue price: Rs. 740 per share (Rs. 1 face value + Rs. 739 premium)
  • Issued to non-promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 523348233 to 526448232
  • ISIN: INE281B01032
  • Date of allotment: August 12, 2025

Regulatory Changes

No regulatory changes. This is a routine listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions apply to all 3,100,000 shares until April 30, 2026
  • Shares must be treated as ranking pari-passu with existing equity shares

Important Dates

  • Date of Allotment: August 12, 2025
  • Trading Commencement: October 9, 2025
  • Lock-in Expiry: April 30, 2026

Impact Assessment

Market Impact: Minimal. The listing represents a modest equity dilution of approximately 3.1 million shares issued at Rs. 740 per share, raising approximately Rs. 229.4 crores. The shares are subject to lock-in until April 30, 2026, preventing immediate market supply pressure.

Investor Impact: Non-promoter warrant holders have successfully converted their warrants to equity shares. The lock-in period of about 6.5 months from listing date provides stability by preventing immediate selling.

Operational Impact: None. This is an administrative listing notification with no operational changes for the company or exchange members beyond updating trading systems.

Impact Justification

Routine listing of preferential shares post-warrant conversion representing minor dilution for an existing listed company