Description

27 lakh equity shares of Dugar Housing Developments Limited issued on preferential basis pursuant to warrant conversion are listed and permitted to trade on BSE effective October 28, 2025.

Summary

BSE has approved the listing of 27,00,000 new equity shares of Dugar Housing Developments Limited (Scrip Code: 511634) issued on a preferential basis to Non-Promoters pursuant to warrant conversion. The shares will commence trading on October 28, 2025, and rank pari-passu with existing equity shares.

Key Points

  • 27,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 2/-
  • Issue price: Rs. 12/- per share
  • Issued to Non-Promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: August 12, 2025
  • Distinctive numbers: 7000001 to 9700000
  • ISIN: INE919M01026
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

Trading members are informed of the new securities listing and must ensure compliance with applicable lock-in restrictions during trading.

Important Dates

  • Date of Allotment: August 12, 2025
  • Trading Commencement: October 28, 2025
  • Lock-in Expiry (Partial): April 30, 2026 (21,60,000 shares)
  • Lock-in Expiry (Partial): April 30, 2027 (5,40,000 shares)

Lock-in Details

  • 4,86,000 shares (Dist. Nos. 7000001-7486000): Lock-in until April 30, 2027
  • 19,44,000 shares (Dist. Nos. 7486001-9430000): Lock-in until April 30, 2026
  • 54,000 shares (Dist. Nos. 9430001-9484000): Lock-in until April 30, 2027
  • 2,16,000 shares (Dist. Nos. 9484001-9700000): Lock-in until April 30, 2026

Impact Assessment

Limited market impact expected. This is a standard preferential allotment listing following warrant conversion. The lock-in provisions on all shares will restrict immediate tradability, minimizing potential volatility. The addition represents new equity capital raised by the company from non-promoter investors.

Impact Justification

Routine listing of new equity shares from warrant conversion with lock-in provisions, limited market impact