Description
570,000 new equity shares of Phoenix Township Limited listed on BSE effective December 9, 2025, issued on preferential basis pursuant to conversion of warrants.
Summary
BSE has listed 570,000 new equity shares of Phoenix Township Limited (Scrip Code: 537839) effective December 9, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 143 per share (Rs. 10 face value + Rs. 133 premium). All shares are subject to lock-in until June 30, 2026.
Key Points
- 570,000 equity shares of Rs. 10 each issued at premium of Rs. 133
- Issued to Non-Promoter on preferential basis pursuant to warrant conversion
- Trading permitted from December 9, 2025
- Shares ranking pari-passu with existing equity shares
- Distribution Numbers: 19949261 to 20519260
- ISIN: INE977M01024
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members should note the listing of new securities for trading purposes
- Lock-in restrictions must be observed until June 30, 2026
Important Dates
- Date of Allotment: October 22, 2025
- Trading Commencement: December 9, 2025
- Lock-in Expiry: June 30, 2026
Impact Assessment
Minimal market impact. This is a routine preferential allotment of 570,000 shares to Non-Promoters following warrant conversion. The shares are subject to lock-in until June 30, 2026, preventing immediate selling pressure. The issue price of Rs. 143 per share represents the conversion price from the original warrant terms. Trading members can facilitate transactions in these securities from December 9, 2025.
Impact Justification
Routine listing of preferential shares from warrant conversion for a small company. Limited market impact with 570,000 shares locked-in until June 2026.