Description
Texmaco Rail & Engineering Limited listing 7,397,270 equity shares issued at Rs. 193/- on preferential basis pursuant to warrant conversion, effective November 12, 2025.
Summary
BSE has approved the listing of 7,397,270 equity shares of Texmaco Rail & Engineering Limited (Scrip Code: 533326) issued on preferential basis to Promoter and Non-Promoter pursuant to warrant conversion. The shares will commence trading on November 12, 2025, and rank pari-passu with existing equity shares. The allotment was completed on October 9, 2025, at an issue price of Rs. 193/- per share (face value Rs. 1/- plus premium of Rs. 192/-).
Key Points
- 7,397,270 new equity shares listed with effect from November 12, 2025
- Shares issued at Rs. 193/- per share (Rs. 1/- face value + Rs. 192/- premium)
- Issued on preferential basis pursuant to conversion of warrants
- Distribution Numbers: 399467303 to 406864572
- Date of Allotment: October 9, 2025
- ISIN: INE621L01012
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular. This is a standard listing notification following SEBI regulations for preferential allotment.
Compliance Requirements
Lock-in Obligations:
- 3,886,010 shares (Dist. Nos. 399467303 to 403353312) are locked-in until May 12, 2027
- 3,511,260 shares (Dist. Nos. 403353313 to 406864572) are locked-in until May 12, 2026
Trading Member Action:
- Trading members must note the new securities for trading purposes from November 12, 2025
- Ensure lock-in restrictions are enforced for respective share tranches
Important Dates
| Date | Event |
|---|---|
| October 9, 2025 | Date of Allotment |
| November 11, 2025 | Notice Date |
| November 12, 2025 | Trading Commencement Date |
| May 12, 2026 | Lock-in expiry for 35,11,260 shares |
| May 12, 2027 | Lock-in expiry for 38,86,010 shares |
Impact Assessment
Market Impact:
- Moderate dilution to existing shareholders (actual impact depends on pre-issue share capital)
- No immediate trading impact as majority of shares have extended lock-in periods
- Only incremental liquidity addition to the scrip from November 12, 2025
Company Impact:
- Capital infusion of approximately Rs. 142.77 crore (7,397,270 shares × Rs. 193/-)
- Funds raised through warrant conversion strengthen balance sheet
- Promoter and non-promoter participation indicates confidence in company prospects
Investor Impact:
- Lock-in periods provide stability by preventing immediate supply surge
- Preferential pricing at Rs. 193/- provides reference point for valuation
- Existing shareholders should monitor dilution impact on earnings per share
Impact Justification
Standard preferential allotment listing with lock-in periods; represents dilution but routine corporate action for specific company shareholders