Description

BSE announces listing of 5,00,000 equity shares of Jhaveri Credits & Capital Ltd. issued on preferential basis pursuant to warrant conversion, with effect from December 26, 2025.

Summary

BSE has approved the listing of 5,00,000 equity shares of Jhaveri Credits & Capital Ltd. (Scrip Code: 531550) issued to Non-Promoters on a preferential basis pursuant to conversion of warrants. Trading in these new securities will commence from Friday, December 26, 2025. The shares were allotted in two tranches during August-September 2025 at an issue price of Rs. 285 per share (face value Rs. 10 with premium of Rs. 275) and are subject to lock-in until June 30, 2026.

Key Points

  • Total new shares listed: 5,00,000 equity shares of Rs. 10 each
  • Issue price: Rs. 285 per share (including premium of Rs. 275)
  • Allotment to: Non-Promoters on preferential basis
  • Basis: Conversion of warrants
  • Ranking: Pari-passu with existing equity shares
  • ISIN: INE865D01012
  • Scrip Code: 531550
  • First allotment: 245,600 shares on August 30, 2025 (Dist. Nos. 8985937-9231536)
  • Second allotment: 254,400 shares on September 2, 2025 (Dist. Nos. 9231537-9485936)

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities issued pursuant to warrant conversion under existing SEBI regulations governing preferential allotment.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • All 5,00,000 shares are subject to mandatory lock-in restrictions
  • The securities will be available for trading from December 26, 2025
  • Standard trading and settlement procedures apply

Important Dates

  • August 30, 2025: First tranche allotment date (245,600 shares)
  • September 2, 2025: Second tranche allotment date (254,400 shares)
  • December 24, 2025: Notice date
  • December 26, 2025: Trading commencement date
  • June 30, 2026: Lock-in expiry date for all shares

Impact Assessment

Market Impact: Minimal. The listing represents a small preferential allotment of 5 lakh shares issued through warrant conversion. This is a routine corporate action with no immediate trading impact as shares remain locked-in until mid-2026.

Liquidity Impact: Neutral in the short term due to lock-in period. Post lock-in expiry on June 30, 2026, these shares may add marginal liquidity to the counter.

Investor Impact: Informational for existing shareholders. The preferential allotment to Non-Promoters may have minor dilution effects, but shares rank pari-passu with existing equity. Lock-in provides stability until June 2026.

Impact Justification

Routine listing of preferential allotment shares post warrant conversion for a single company. Limited market-wide impact. Standard administrative notification.