Description

54.5 lakh equity shares of Ahmedabad Steelcraft Ltd. issued on preferential basis pursuant to conversion of warrants are listed and permitted to trade from November 18, 2025.

Summary

BSE has announced the listing of 54,50,000 new equity shares of Ahmedabad Steelcraft Ltd. (Scrip Code: 522273) with effect from Tuesday, November 18, 2025. These shares were issued at a premium of Rs. 62/- per share to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares are ranking pari-passu with existing equity shares.

Key Points

  • Total Shares Listed: 54,50,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 72.00/- (Rs. 10 face value + Rs. 62 premium)
  • Allottees: Promoter and Non-Promoter
  • Basis of Issue: Preferential allotment pursuant to conversion of warrants
  • Date of Allotment: June 26, 2025
  • Distinctive Numbers: 9642001 to 15092000
  • ISIN: INE868C01018
  • Trading Commencement: November 18, 2025
  • Rights: Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

Lock-in Requirements:

  • 40,00,000 shares (Distinctive Numbers: 9642001 to 13642000) are locked-in until June 30, 2027
  • 14,50,000 shares (Distinctive Numbers: 13642001 to 15092000) are locked-in until June 30, 2026

Trading members must ensure compliance with lock-in provisions during the specified periods.

Important Dates

  • Date of Allotment: June 26, 2025
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry (Partial): June 30, 2026 (for 14.5 lakh shares)
  • Lock-in Expiry (Balance): June 30, 2027 (for 40 lakh shares)

Impact Assessment

Market Impact: Low. This is a routine listing of preferential shares following warrant conversion. The addition of 54.5 lakh shares increases the equity base, but with significant lock-in provisions (40 lakh shares locked until 2027 and 14.5 lakh shares until 2026), the immediate free float impact is minimal.

Operational Impact: Trading members should update their systems to reflect the new shares and ensure lock-in restrictions are enforced. The shares will trade under the existing scrip code 522273 with the same ISIN.

Impact Justification

Routine listing notice for preferential allotment of equity shares. Standard corporate action with lock-in provisions. Limited market-wide impact.