Description
Listing of 27,67,000 equity shares of Precision Wires India Ltd issued on preferential basis pursuant to conversion of warrants, with lock-in until December 19, 2026.
Summary
BSE has approved the listing of 27,67,000 equity shares of Precision Wires India Ltd (Scrip Code: 523539) issued on preferential basis to non-promoters pursuant to conversion of warrants. The shares are permitted to trade on the exchange with effect from Wednesday, December 31, 2025, subject to a lock-in period until December 19, 2026.
Key Points
- 27,67,000 equity shares of Rs. 1/- each issued at a premium of Rs. 150/- per share
- Shares issued to Non-Promoters on preferential basis pursuant to warrant conversion
- Issue price: Rs. 151/- per share
- Distinctive Numbers: 180040976 to 182807975
- Date of Allotment: October 20, 2025
- ISIN: INE372C01037
- Shares rank pari-passu with existing equity shares
- All 27,67,000 shares are under lock-in until December 19, 2026
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed of the new securities listing. The lock-in restrictions must be observed for the entire allotment until December 19, 2026.
Important Dates
- Allotment Date: October 20, 2025
- Trading Commencement: December 31, 2025
- Lock-in Expiry: December 19, 2026
Impact Assessment
The listing involves preferential allotment of equity shares representing capital raised through warrant conversion. With all shares under lock-in for over a year, immediate market impact is minimal. The shares will rank pari-passu with existing equity shares once the lock-in period expires.
Impact Justification
Routine preferential allotment of equity shares through warrant conversion with standard lock-in period. Limited market impact as shares are locked-in for over a year.