Description

BSE approves listing of 26,61,764 equity shares of Epuja Spiritech Limited issued on preferential basis pursuant to conversion of warrants, with lock-in until May 30, 2026.

Summary

BSE has approved the listing of 26,61,764 equity shares of Epuja Spiritech Limited (Scrip Code: 532092) issued on preferential basis to non-promoters pursuant to conversion of warrants. The shares will commence trading from October 27, 2025, and are subject to lock-in until May 30, 2026.

Key Points

  • 26,61,764 new equity shares of Re. 1/- each listed
  • Issued at premium of Rs. 2.40/- per share (total issue price: Rs. 3.40/-)
  • Allotted to non-promoters on preferential basis
  • Shares issued pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares
  • Distribution numbers: 82817279 to 85479042
  • ISIN: INE807D01030
  • Scrip Code: 532092

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the new securities available for trading
  • Lock-in period restrictions must be observed for all 26,61,764 shares until May 30, 2026
  • Shares cannot be transferred or sold during the lock-in period

Important Dates

  • Date of Allotment: December 18, 2024
  • Trading Commencement: October 27, 2025 (Monday)
  • Lock-in Expires: May 30, 2026
  • Notice Date: October 24, 2025

Impact Assessment

Market Impact: Minimal. This is a routine listing notification for a single company’s additional shares from warrant conversion.

Liquidity Impact: The lock-in period until May 30, 2026 means these shares will not be available for trading in the secondary market until then, limiting immediate liquidity impact.

Dilution: The preferential allotment to non-promoters increases the public float and may cause dilution for existing shareholders, though the quantum represents a relatively modest increase to the existing share base.

Operational Impact: Trading members need to update their systems to reflect the new distribution number ranges and total outstanding shares for proper trade settlement.

Impact Justification

Routine listing of additional shares from warrant conversion for a single company with minimal market-wide impact