Description

52,63,000 equity shares of Bridge Securities Ltd. listed on BSE with effect from December 1, 2025, issued at Rs. 5.51 per share on preferential basis pursuant to conversion of warrants.

Summary

BSE has announced the listing of 52,63,000 new equity shares of Bridge Securities Ltd. (Scrip Code: 530249) with effect from Monday, December 1, 2025. These shares were issued to Non Promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 5.51 per share (face value Re. 1 with premium of Rs. 4.51). The shares rank pari-passu with existing equity shares and are subject to lock-in until June 10, 2026.

Key Points

  • 52,63,000 equity shares of Rs. 1/- each listed
  • Issue price: Rs. 5.51/- per share (Re. 1 face value + Rs. 4.51 premium)
  • Issued to Non Promoters on preferential basis
  • Allotted pursuant to conversion of warrants
  • Date of allotment: October 10, 2025
  • Trading permitted from December 1, 2025
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE958C01025
  • Distinctive numbers: 33613001 to 38876000
  • All shares subject to lock-in period

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

Trading members should note:

  • The new securities are available for trading from December 1, 2025
  • Lock-in restrictions apply to all 52,63,000 shares until June 10, 2026
  • Shares carry the same ISIN as existing equity shares (INE958C01025)

Important Dates

  • Date of Allotment: October 10, 2025
  • Trading Commencement: December 1, 2025 (Monday)
  • Lock-in Expiry: June 10, 2026
  • Notice Date: November 28, 2025

Impact Assessment

This is a routine corporate action with minimal market impact. The listing of preferential allotment shares post warrant conversion is a standard capital-raising activity. The lock-in period of approximately 8 months ensures these shares will not be available for immediate sale in the market. The allotment to Non Promoters indicates expansion of the shareholding base. Given the relatively small number of shares and the lock-in restrictions, immediate trading impact is expected to be negligible.

Impact Justification

Routine listing of preferential allotment shares post warrant conversion for a small company with limited market impact