Description

Listing and trading permission for 54,50,000 new equity shares of Ahmedabad Steelcraft Ltd. issued on preferential basis pursuant to conversion of warrants, effective November 18, 2025.

Summary

BSE has approved the listing of 54,50,000 new equity shares of Ahmedabad Steelcraft Ltd. (Scrip Code: 522273) issued at Rs. 72 per share (face value Rs. 10 with premium of Rs. 62) to Promoters and Non-Promoters on preferential basis pursuant to conversion of warrants. Trading will commence from Tuesday, November 18, 2025. The shares rank pari-passu with existing equity shares and are subject to lock-in periods.

Key Points

  • Company: Ahmedabad Steelcraft Ltd. (Scrip Code: 522273)
  • Number of Shares: 54,50,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 72.00 per share (Rs. 10 face value + Rs. 62 premium)
  • Nature: Preferential allotment pursuant to warrant conversion
  • Allotment Date: June 26, 2025
  • Trading Commencement: November 18, 2025 (Tuesday)
  • ISIN: INE868C01018
  • Distinctive Numbers: 9642001 to 15092000
  • Status: Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification for new securities.

Compliance Requirements

Lock-in Requirements

The newly listed shares are subject to the following lock-in provisions:

  1. 40,00,000 shares (Dist. Nos. 9642001 to 1,36,42,000)

    • Lock-in period: Until June 30, 2027

  2. 14,50,000 shares (Dist. Nos. 1,36,42,001 to 1,50,92,000)

    • Lock-in period: Until June 30, 2026

Trading Member Requirements

  • Trading members must note the listing and ensure compliance with lock-in restrictions during trading operations
  • Shares can be traded from November 18, 2025, subject to applicable lock-in provisions

Important Dates

  • Allotment Date: June 26, 2025
  • Notice Date: November 17, 2025
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry (Partial): June 30, 2026 (for 14,50,000 shares)
  • Lock-in Expiry (Full): June 30, 2027 (for 40,00,000 shares)

Impact Assessment

Market Impact

  • Low market-wide impact: This is a company-specific listing event affecting only Ahmedabad Steelcraft Ltd.
  • The preferential allotment represents additional equity capital raised through warrant conversion
  • Approximately 73.4% of the new shares (40 lakh) are locked in until 2027, limiting immediate supply in the market

Investor Impact

  • Existing shareholders should note the dilution from the new equity issuance
  • Only 14,50,000 shares will become freely tradable after June 30, 2026
  • The issue price of Rs. 72 indicates the valuation at which warrants were converted

Operational Impact

  • Routine listing procedure with no operational changes for trading members
  • Trading systems will reflect the updated share capital from November 18, 2025

Impact Justification

Routine listing of preferential allotment shares for a single company with lock-in provisions; limited market-wide impact.