Description

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

Summary

BSE has announced the listing and commencement of trading for 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 pursuant to warrant conversion at an issue price of Rs. 65.25 per share (face value Rs. 10 plus premium of Rs. 55.25). The shares rank pari-passu with existing equity shares and are subject to a lock-in period until June 29, 2026.

Key Points

  • 750,000 equity shares of Rs. 10 face value each listed on BSE
  • Issued to non-promoters on preferential basis through warrant conversion
  • Issue price: Rs. 65.25 per share (including premium of Rs. 55.25)
  • Distinctive Numbers: 56301869 to 57051868
  • Date of allotment: October 14, 2025
  • Trading commences: December 12, 2025
  • ISIN: INE640B01021
  • Scrip Code: 532334
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • All 750,000 shares are subject to mandatory lock-in restrictions
  • Lock-in compliance must be maintained until June 29, 2026

Important Dates

  • Allotment Date: October 14, 2025
  • Listing and Trading Start Date: December 12, 2025
  • Lock-in Period Ends: June 29, 2026
  • Notice Date: December 11, 2025

Impact Assessment

Market Impact: Minimal. This is a routine listing announcement for a preferential allotment of shares representing warrant conversion. The relatively small number of shares (750,000) and the complete lock-in restriction until June 29, 2026 means there will be no immediate trading impact or liquidity addition to the market.

Operational Impact: Trading members can recognize these securities in the system starting December 12, 2025, but must enforce lock-in restrictions on all shares.

Company Impact: Dilutive effect for HB Estate Developers Ltd shareholders, with capital raising of approximately Rs. 4.89 crores (750,000 × Rs. 65.25). The preferential allotment to non-promoters may indicate fundraising for business expansion or debt reduction.

Impact Justification

Routine listing of preferential shares for a single company with limited market-wide impact. Standard warrant conversion affecting 750,000 shares with lock-in period.