Description

BSE announces listing and trading permission for 750,000 new equity shares of HB Estate Developers Ltd issued on preferential basis pursuant to warrant conversion, effective December 12, 2025.

Summary

BSE has approved the listing and trading of 750,000 new equity shares of HB Estate Developers Ltd (Scrip Code: 532334) effective December 12, 2025. These shares were issued to non-promoters on a preferential basis at Rs. 65.25 per share (face value Rs. 10 + premium Rs. 55.25) pursuant to conversion of warrants. The shares are subject to lock-in until June 29, 2026.

Key Points

  • 750,000 equity shares of Rs. 10 face value issued at premium of Rs. 55.25
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Trading permitted from December 12, 2025
  • Issue price: Rs. 65.25 per share
  • Distinctive numbers: 56301869 to 57051868
  • Date of allotment: October 14, 2025
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE640B01021
  • Scrip Code: 532334

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • All 750,000 shares are subject to mandatory lock-in restrictions until June 29, 2026
  • Shares cannot be transferred or sold before the lock-in expiry date

Important Dates

  • Allotment Date: October 14, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expiry: June 29, 2026

Impact Assessment

Market Impact: Minimal. This is a company-specific listing announcement affecting HB Estate Developers Ltd only. The preferential allotment represents a modest increase in share capital.

Shareholder Impact: The 750,000 new shares will increase the outstanding share count and may cause minor dilution for existing shareholders. Non-promoter allottees are subject to 18-month lock-in period.

Operational Impact: Standard listing procedure with no operational changes for trading members. The shares trade under existing scrip code 532334.

Impact Justification

Routine listing of preferential allotment shares for a single company with limited market-wide impact. Standard corporate action affecting only specific shareholders.