Description

BSE approves listing of 10 lakh equity shares of Madhuveer Com 18 Network Limited issued on preferential basis to promoters pursuant to warrant conversion, effective December 10, 2025.

Summary

BSE has approved the listing of 10,00,000 equity shares of Madhuveer Com 18 Network Limited (Scrip Code: 531910) issued to promoters on a preferential basis pursuant to conversion of warrants. The new shares will be listed and permitted to trade with effect from Wednesday, December 10, 2025. These shares are ranking pari-passu with existing equity shares and are subject to a lock-in period until October 31, 2027.

Key Points

  • 10,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 30/-
  • Issue price: Rs. 40/- per share
  • Allotment made to promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: August 11, 2025
  • Trading commencement: December 10, 2025
  • Distinctive numbers: 26502901 to 27502900
  • ISIN: INE312M01016
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment shares.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • All 10,00,000 shares are subject to lock-in restrictions until October 31, 2027
  • Shares issued pursuant to warrant conversion under SEBI (Issue of Capital and Disclosure Requirements) Regulations

Important Dates

  • Date of Allotment: August 11, 2025
  • Trading Commencement: December 10, 2025
  • Lock-in Period End: October 31, 2027
  • Notice Date: December 9, 2025

Impact Assessment

Market Impact: Minimal. The issuance represents a relatively small number of shares (10 lakh) allocated exclusively to promoters on a preferential basis. The shares are subject to a lock-in period of approximately 2 years, preventing immediate trading by promoters.

Liquidity Impact: Negligible immediate impact on trading liquidity as all shares are locked-in until October 2027.

Corporate Impact: Represents successful conversion of warrants previously issued to promoters, likely strengthening the company’s capital base by Rs. 40 lakh (10,00,000 shares × Rs. 40 per share).

Investor Consideration: The preferential allotment at Rs. 40/- per share (Rs. 30/- premium over face value) increases promoter stake and demonstrates promoter commitment through warrant conversion.

Impact Justification

Routine listing of preferential allotment shares from warrant conversion with standard lock-in period; minimal market impact due to small issuance size and promoter-only allocation