Description

5,00,000 equity shares of Jhaveri Credits & Capital Ltd. issued on preferential basis pursuant to warrant conversion will be listed and permitted to trade 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 on a preferential basis to non-promoters pursuant to conversion of warrants. The shares will commence trading from Friday, December 26, 2025, and are subject to lock-in until June 30, 2026.

Key Points

  • 5,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 275/- per share
  • Total issue price: Rs. 285/- per share
  • Shares issued to Non-Promoter on preferential basis
  • Issued pursuant to conversion of warrants
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE865D01012
  • Scrip Code: 531550

Regulatory Changes

No regulatory changes. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members must note the listing of new securities
  • Lock-in restrictions apply to all 5,00,000 shares until June 30, 2026
  • Shares cannot be transferred or traded by allottees during the lock-in period

Important Dates

  • Allotment Date 1: August 30, 2025 - 245,600 shares (Dist. Nos. 8985937-9231536)
  • Allotment Date 2: September 2, 2025 - 254,400 shares (Dist. Nos. 9231537-9485936)
  • Trading Commencement: December 26, 2025
  • Lock-in Expiry: June 30, 2026

Impact Assessment

Market Impact: Minimal. This is a routine listing of preferential shares for a single company with relatively small issuance size.

Operational Impact: Trading members should update their systems to reflect the increased share capital of Jhaveri Credits & Capital Ltd. The shares are subject to 18-month lock-in from allotment dates, preventing immediate trading by allottees.

Investor Impact: Existing shareholders should note the dilution from 5 lakh new shares issued at Rs. 285/- per share, raising approximately Rs. 1.43 crores for the company. The shares rank equally with existing equity shares in terms of voting rights and dividends.

Impact Justification

Routine listing of preferential shares for a single company with limited market-wide impact. The 5 lakh shares represent a small issuance to non-promoters with standard lock-in requirements.