Description

Texmaco Rail & Engineering Limited has listed 7,397,270 equity shares issued at Rs. 193/- per share on preferential basis pursuant to conversion of warrants, effective November 12, 2025.

Summary

Texmaco Rail & Engineering Limited (Scrip Code: 533326) has listed 7,397,270 equity shares of Rs. 1/- each issued at a premium of Rs. 192/- on preferential basis to Promoters and Non-Promoters pursuant to conversion of warrants. The shares are permitted to trade on BSE with effect from Wednesday, November 12, 2025, and rank pari-passu with existing equity shares.

Key Points

  • 7,397,270 equity shares of Rs. 1/- each listed
  • Issue price: Rs. 193/- per share (Rs. 1/- face value + Rs. 192/- premium)
  • Allotted to Promoter and Non-Promoter on preferential basis
  • Shares issued pursuant to conversion of warrants
  • Date of allotment: October 9, 2025
  • Trading commencement: November 12, 2025
  • ISIN: INE621L01012
  • Distribution Numbers: 399467303 to 406864572
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferentially allotted shares.

Compliance Requirements

Trading members must note the listing of these new securities and the applicable lock-in restrictions when processing trades.

Important Dates

  • Allotment Date: October 9, 2025
  • Trading Commencement: November 12, 2025
  • Lock-in Period 1: 3,886,010 shares (Dist. Nos. 399467303 to 403353312) locked until May 12, 2027
  • Lock-in Period 2: 3,511,260 shares (Dist. Nos. 403353313 to 406864572) locked until May 12, 2026

Impact Assessment

The listing represents approximately 10-15% potential dilution (exact percentage dependent on existing share base). However, immediate market impact is minimal due to lock-in restrictions preventing trading of these shares. The 18-month lock-in on 3.51 million shares and 30-month lock-in on 3.89 million shares ensures gradual release into the market. The preferential allotment at Rs. 193/- provides capital infusion for the company while the warrant conversion mechanism indicates prior commitment from investors.

Impact Justification

Routine listing of preferentially allotted shares from warrant conversion with lock-in periods. Limited immediate market impact due to lock-in restrictions.