Description

27,00,000 equity shares of Dugar Housing Developments Limited listed and permitted to trade on BSE with effect from October 28, 2025, issued at Rs. 12/- per share on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 27,00,000 equity shares of Dugar Housing Developments Limited (Scrip Code: 511634) with effect from Tuesday, October 28, 2025. The shares were issued at Rs. 12/- per share (face value Rs. 10/- plus premium of Rs. 2/-) to Non-Promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to varying lock-in periods.

Key Points

  • Number of Shares: 27,00,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 12/- per share (including premium of Rs. 2/-)
  • Allotment Category: Non-Promoters on preferential basis
  • Purpose: Conversion of warrants
  • Trading Commencement: October 28, 2025
  • Distinctive Numbers: 7000001 to 9700000
  • Date of Allotment: August 12, 2025
  • ISIN: INE919M01026
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities issued pursuant to warrant conversion.

Compliance Requirements

Lock-in Period Compliance:

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

Trading members must ensure compliance with the specified lock-in restrictions for the respective share tranches.

Important Dates

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

Impact Assessment

Market Impact: Low - This is a company-specific listing event with minimal market-wide implications.

Shareholder Impact: The listing increases the outstanding shares of Dugar Housing Developments Limited by 27,00,000 equity shares, representing potential dilution for existing shareholders. However, the preferential allotment to Non-Promoters and the lock-in periods provide stability.

Trading Impact: The shares are available for trading from October 28, 2025, subject to lock-in restrictions. Trading members should note the lock-in schedule when processing trades to ensure compliance.

Liquidity: The addition of new shares may improve liquidity in the scrip, though the lock-in periods on all shares will restrict immediate free float.

Impact Justification

Routine listing of preferential allotment shares for a specific company. Limited market-wide impact, affects only Dugar Housing Developments Limited shareholders and trading members.