Description

19,80,000 equity shares of Jigar Cables Limited listed on BSE with effect from November 11, 2025, issued at Rs. 50.35/- pursuant to conversion of warrants on preferential basis.

Summary

BSE has announced the listing and permission to trade 19,80,000 equity shares of Jigar Cables Limited (Scrip Code: 540651) with effect from Tuesday, November 11, 2025. These shares were issued at a premium of Rs. 40.35/- on a preferential basis to Promoter and Non-Promoters pursuant to conversion of warrants. The shares are ranking pari-passu with existing equity shares.

Key Points

  • Company: Jigar Cables Limited
  • Scrip Code: 540651
  • Number of Shares: 19,80,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 50.35/- (Face Value Rs. 10/- + Premium Rs. 40.35/-)
  • Allotment Date: August 29, 2025
  • Trading Commencement: November 11, 2025
  • ISIN: INE943X01015
  • Distinctive Numbers: 7032001 to 9012000
  • Nature: Preferential allotment pursuant to warrant conversion
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • Lock-in periods must be observed as specified:
    • 7,00,000 shares (Dist. Nos. 7032001-7732000): Locked until May 31, 2027
    • 12,80,000 shares (Dist. Nos. 7732001-9012000): Locked until May 31, 2026

Important Dates

  • Allotment Date: August 29, 2025
  • Trading Commencement: November 11, 2025
  • Lock-in Expiry (Partial): May 31, 2026 (for 12,80,000 shares)
  • Lock-in Expiry (Full): May 31, 2027 (for 7,00,000 shares)

Impact Assessment

Market Impact: Low. This is a routine preferential allotment for a small-cap company. The addition of 19.80 lakh shares represents a capital raising exercise through warrant conversion.

Liquidity Impact: Minimal immediate impact as all shares are subject to lock-in periods ranging from 18 to 30 months. Only after lock-in expiry will these shares be available for trading in the secondary market.

Dilution: Existing shareholders may experience dilution depending on the pre-allotment share capital, though shares rank pari-passu with existing equity.

Impact Justification

Routine listing of preferential shares for a small-cap company with limited market impact