Description

Phoenix Township Limited lists 5,70,000 equity shares issued on preferential basis pursuant to warrant conversion, effective December 9, 2025.

Summary

Phoenix Township Limited (Scrip Code: 537839) has listed 5,70,000 new equity shares on BSE with effect from December 9, 2025. These shares were issued at Rs. 143 per share (face value Rs. 10 plus premium of Rs. 133) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are subject to lock-in until June 30, 2026.

Key Points

  • Total new shares listed: 5,70,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 143/- per share (face value Rs. 10 + premium Rs. 133)
  • Allotment date: October 22, 2025
  • Trading effective date: December 9, 2025
  • Distinctive numbers: 19949261 to 20519260
  • ISIN: INE977M01024
  • Issued to non-promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification for new securities issued pursuant to warrant conversion.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Lock-in period must be observed: all 5,70,000 shares are locked in until June 30, 2026
  • Shares are subject to standard preferential allotment regulations

Important Dates

  • October 22, 2025: Date of allotment
  • December 9, 2025: Effective date of listing and trading commencement
  • June 30, 2026: Lock-in period expiry date

Impact Assessment

This listing has minimal market impact as it involves a relatively small quantity of shares (5.7 lakh) issued on preferential basis to non-promoters. The 18-month lock-in period (from allotment to June 30, 2026) ensures these shares will not immediately affect market liquidity. The issuance represents capital raising through warrant conversion, which is a routine corporate action for Phoenix Township Limited. Trading members are simply notified to update their systems for the new distinctive numbers and ISIN.

Impact Justification

Routine preferential allotment of limited quantity (5.7 lakh shares) to non-promoter with standard lock-in requirements; minimal market-wide impact