Description

BSE lists 19,80,000 new equity shares of Jigar Cables Limited issued on preferential basis pursuant to conversion of warrants, effective November 11, 2025.

Summary

BSE has approved the listing of 19,80,000 new equity shares of Jigar Cables Limited (Scrip Code: 540651) issued on preferential basis to Promoter and Non-Promoters pursuant to warrant conversion. The securities will commence trading from Tuesday, November 11, 2025. These shares rank pari-passu with existing equity shares.

Key Points

  • 19,80,000 equity shares of Rs. 10/- each issued at premium of Rs. 40.35/-
  • Issue price: Rs. 50.35/- per share
  • Allotment date: August 29, 2025
  • ISIN: INE943X01015
  • Distinctive numbers: 7032001 to 9012000
  • Shares rank pari-passu with existing equity shares
  • Issued pursuant to conversion of warrants on preferential basis

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members are informed to enable trading of these new securities from November 11, 2025
  • Lock-in restrictions apply as detailed below

Important Dates

  • Allotment Date: August 29, 2025
  • Trading Commencement: November 11, 2025 (Tuesday)
  • Lock-in Expiry (Partial): May 31, 2026 (for 12,80,000 shares with Dist. Nos. 7732001-9012000)
  • Lock-in Expiry (Balance): May 31, 2027 (for 7,00,000 shares with Dist. Nos. 7032001-7732000)

Impact Assessment

Market Impact: Low. This is a relatively small preferential allotment representing additional equity capital for Jigar Cables Limited. The lock-in provisions (ranging from 6 months to 18 months from allotment date) prevent immediate selling pressure.

Operational Impact: Minimal impact on trading operations. Trading members need to update systems to reflect the new securities and associated lock-in restrictions.

Dilution Effect: The allotment adds 19.8 lakh shares to the existing equity base, with specific lock-in periods ensuring controlled release into the market.

Impact Justification

Routine listing notice for a small preferential allotment with minimal market impact. Affects only specific company securities with lock-in provisions.