Description

Listing and trading of 55,27,802 equity shares of Adani Green Energy Limited issued to promoters on preferential basis pursuant to warrant conversion, effective November 10, 2025.

Summary

BSE has announced the listing of 55,27,802 new equity shares of Adani Green Energy Limited (Scrip Code: 541450) with effect from Monday, November 10, 2025. These shares were issued to promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 1,480.75 per share. The newly issued shares rank pari-passu with existing equity shares and are subject to a lock-in period until May 14, 2027.

Key Points

  • 55,27,802 equity shares of Rs. 10/- each issued at a premium of Rs. 1,470.75 per share
  • Total issue price: Rs. 1,480.75 per share
  • Shares issued to promoters on preferential basis through warrant conversion
  • Date of allotment: May 27, 2025
  • Trading commencement date: November 10, 2025
  • Distribution numbers: 2266757434 to 2272285235
  • ISIN: INE364U01010
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment under existing SEBI guidelines for warrant conversion.

Compliance Requirements

  • Trading members must take note of the new securities available for trading from November 10, 2025
  • All 55,27,802 shares (Distribution Nos. 2266757434 to 2272285235) are subject to mandatory lock-in until May 14, 2027
  • Shares cannot be transferred or sold by promoters during the lock-in period except as permitted under applicable regulations

Important Dates

  • Date of Allotment: May 27, 2025
  • Trading Commencement: November 10, 2025 (Monday)
  • Lock-in Period Ends: May 14, 2027

Impact Assessment

Market Impact: Low to medium. While the number of shares is significant (approximately 5.5 million shares), the 2-year lock-in period until May 2027 means these shares will not be available for trading in the immediate term, limiting potential dilution or supply pressure on the stock price.

Shareholding Impact: Increases promoter shareholding through conversion of warrants issued earlier. The preferential allotment strengthens promoter stake in the company.

Liquidity Impact: Minimal immediate impact on market liquidity as shares are locked-in. The shares will rank pari-passu with existing shares and will add to the equity base once lock-in expires.

Financial Impact: The allotment raised approximately Rs. 818.42 crores (55,27,802 shares × Rs. 1,480.75) for the company, providing capital for business expansion and operations.

Impact Justification

Medium importance due to significant promoter shareholding increase through warrant conversion. Medium impact as shares are subject to 2-year lock-in, limiting immediate market supply impact.