Description

Listing and trading of 5,00,000 equity shares of Jhaveri Credits & Capital Ltd. issued on preferential basis pursuant to conversion of warrants, effective December 26, 2025.

Summary

BSE has approved the listing and trading 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. The shares will be available for trading from 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
  • Issue price: Rs. 285/- per share
  • Issued to Non-Promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Trading commences on December 26, 2025
  • ISIN: INE865D01012

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • All 5,00,000 shares are subject to lock-in restrictions until June 30, 2026
  • Shares allocated in two tranches with specific distribution numbers for tracking

Important Dates

  • August 30, 2025: First tranche allotment of 245,600 shares (Dist. Nos. 8985937-9231536)
  • September 2, 2025: Second tranche allotment of 254,400 shares (Dist. Nos. 9231537-9485936)
  • December 26, 2025: Trading commencement date
  • June 30, 2026: Lock-in period expiry date

Impact Assessment

This is a company-specific listing event with minimal market-wide impact. The preferential allotment represents warrant conversions to Non-Promoters, indicating capital raising activity. The relatively small issue size (5 lakh shares at Rs. 285/- totaling approximately Rs. 1.43 crores) suggests limited dilution impact. The lock-in period until June 30, 2026 restricts immediate selling pressure. Trading members should note the new securities for client servicing purposes.

Impact Justification

Routine listing of new equity shares from warrant conversion for a single company with limited market-wide impact