Description
650,000 equity shares of Athena Global Technologies Limited issued to promoters on preferential basis pursuant to warrant conversion, listed with effect from October 28, 2025.
Summary
BSE has approved the listing of 650,000 equity shares of Athena Global Technologies Limited (Scrip Code: 517429) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on October 28, 2025, with a lock-in period until April 29, 2027.
Key Points
- 650,000 equity shares of Rs. 10/- each issued at a premium of Rs. 77/-
- Issue price: Rs. 87.00 per share
- Allotted to promoters on preferential basis pursuant to warrant conversion
- Date of allotment: August 11, 2025
- Distinctive numbers: 14061589 to 14711588
- ISIN: INE576B01019
- Shares rank pari-passu with existing equity shares
- Trading commences: October 28, 2025
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members are informed of the new securities listing
- Shares subject to mandatory lock-in provisions applicable to preferential allotments to promoters
Important Dates
- Date of Allotment: August 11, 2025
- Trading Commencement: October 28, 2025
- Lock-in Period Ends: April 29, 2027
Impact Assessment
This is a routine preferential allotment to promoters following warrant conversion. The issuance represents a relatively small number of shares with a complete lock-in until April 2027, ensuring no immediate market liquidity impact. The shares were issued at Rs. 87/- (Rs. 10 face value plus Rs. 77 premium), providing capital infusion to the company. As the shares are locked in and issued to promoters only, the immediate trading impact is minimal.
Impact Justification
Routine preferential allotment to promoters with standard lock-in; limited market impact given modest share count and promoter-only issuance