Description

BSE announces listing and trading permission for 1,43,80,000 preferential equity shares of Tilaknagar Industries Ltd at Rs. 382 per share, effective December 9, 2025.

Summary

BSE has approved the listing and trading of 1,43,80,000 new equity shares of Tilaknagar Industries Ltd (Scrip Code: 507205) issued on preferential basis to Non-Promoters. The shares will commence trading on December 9, 2025, and are subject to a lock-in period until June 30, 2026.

Key Points

  • Total Shares Listed: 1,43,80,000 equity shares of Rs. 10/- each
  • Issue Type: Preferential allotment to Non-Promoters
  • Issue Price: Rs. 382.00 per share (including premium of Rs. 372/-)
  • Trading Commencement: December 9, 2025 (Tuesday)
  • Distinctive Numbers: 193813751 to 208193750
  • Date of Allotment: September 29, 2025
  • ISIN: INE133E01013
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory framework changes. This is a standard preferential allotment listing notification as per existing SEBI regulations.

Compliance Requirements

  • For Trading Members: Take note of the new securities and lock-in restrictions before executing trades
  • For Investors: Be aware that all 1,43,80,000 shares are under lock-in until June 30, 2026
  • For Company: Ensure compliance with post-listing disclosure requirements for preferential allotment

Important Dates

  • Allotment Date: September 29, 2025
  • Trading Start Date: December 9, 2025
  • Lock-in Period End: June 30, 2026
  • Notice Date: December 8, 2025

Impact Assessment

Market Impact: The listing of 1.44 crore new shares represents a significant equity dilution event for existing shareholders. However, the immediate market impact is limited due to the lock-in restriction preventing these shares from being traded until June 30, 2026.

Operational Impact: The preferential allotment to Non-Promoters at Rs. 382 per share would have raised approximately Rs. 549 crore for the company, potentially strengthening its capital base for business expansion or debt reduction.

Shareholder Impact: Existing shareholders should note the dilution in their holding percentage. The shares rank pari-passu, meaning new shareholders have equal rights to dividends, voting, and other corporate benefits.

Impact Justification

Material preferential issue representing significant equity dilution with 9-month lock-in period; medium importance as it affects existing shareholders through dilution but is company-specific event.