Description

45 million equity shares of Dhani Services Limited issued on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from October 14, 2025.

Summary

BSE has announced the listing of 4,50,00,000 (4.5 crore) new equity shares of Dhani Services Limited (Scrip Code: 532960) with effect from Tuesday, October 14, 2025. These shares were issued to Promoters on a preferential basis at Rs. 90.30 per share (face value Rs. 2 plus premium of Rs. 88.30) pursuant to the conversion of warrants. All newly listed shares are subject to lock-in until April 15, 2027.

Key Points

  • 4,50,00,000 equity shares of Rs. 2/- each listed and permitted to trade from October 14, 2025
  • Shares issued to Promoters on preferential basis pursuant to warrant conversion
  • Issue price: Rs. 90.30 per share (Rs. 2 face value + Rs. 88.30 premium)
  • Allotment done in two tranches: 2.25 crore shares on September 17, 2025 and 2.25 crore shares on September 22, 2025
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE274G01010
  • All shares are locked-in until April 15, 2027

Regulatory Changes

No regulatory changes. This is a standard listing notification for securities issued pursuant to warrant conversion under SEBI regulations.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • Lock-in restrictions must be observed by all market participants
  • Distinct number ranges specified for tracking locked-in shares

Important Dates

  • Allotment Date (Tranche 1): September 17, 2025 (2,25,00,000 shares)
  • Allotment Date (Tranche 2): September 22, 2025 (2,25,00,000 shares)
  • Trading Commencement Date: October 14, 2025
  • Lock-in Expiry Date: April 15, 2027 (for all 4.5 crore shares)

Impact Assessment

Market Impact: Medium. The listing adds 4.5 crore equity shares to the company’s equity base, representing significant dilution for existing shareholders. However, since all shares are locked-in until April 2027, there will be no immediate selling pressure or impact on free float.

Liquidity Impact: Minimal immediate impact as locked-in shares cannot be traded until lock-in expiry.

Shareholding Impact: Promoter holding will increase as these shares were allotted to promoters on preferential basis, potentially strengthening promoter stake and control.

Operational Impact: The preferential allotment at Rs. 90.30 per share infuses capital into the company (approximately Rs. 406.35 crores), which may be used for business expansion, debt reduction, or working capital purposes.

Impact Justification

Significant number of shares (4.5 crore) added to tradeable float, but all shares are locked-in until April 2027, limiting immediate market impact. Material dilution event for existing shareholders.