Description
Listing and trading of 650,000 equity shares of Athena Global Technologies Limited issued on preferential basis pursuant to warrant conversion, effective 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. Trading will commence on October 28, 2025. The shares were allotted at Rs. 87/- per share (Rs. 10/- face value + Rs. 77/- premium) and are subject to lock-in until April 29, 2027.
Key Points
- 650,000 equity shares of Rs. 10/- each issued at premium of Rs. 77/-
- Issued to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution Numbers: 14061589 to 14711588
- Issue price: Rs. 87.00 per share
- ISIN: INE576B01019
- Scrip Code: 517429
Regulatory Changes
No regulatory changes. This is a routine listing notification following SEBI preferential allotment guidelines.
Compliance Requirements
- Trading members must update their systems to reflect the new securities
- All 650,000 shares are subject to mandatory lock-in provisions
- Shares cannot be transferred or sold until the lock-in period expires
Important Dates
- Date of Allotment: August 11, 2025
- Trading Commencement Date: October 28, 2025
- Lock-in Expiry Date: April 29, 2027
Impact Assessment
Market Impact: Low. The preferential allotment represents additional equity capital for the company but with minimal immediate trading impact due to the lock-in period extending until April 2027. The shares were issued to promoters, indicating no dilution to public shareholders’ control. The pari-passu ranking ensures equal rights with existing shares. Trading members need to update security records but no operational changes are required.
Impact Justification
Routine listing of preferential allotment shares to promoters. Limited market impact due to lock-in period until April 2027.