Description

Venus Pipes & Tubes Limited lists 1,20,000 new equity shares issued at Rs. 1700/- on preferential basis to non-promoters pursuant to warrant conversion, effective January 8, 2026.

Summary

BSE notifies the listing and trading commencement of 1,20,000 new equity shares of Venus Pipes & Tubes Limited (Scrip Code: 543528) effective January 8, 2026. These shares were issued at Rs. 1700/- per share (face value Rs. 10/- plus premium of Rs. 1690/-) to non-promoters on a preferential basis pursuant to conversion of warrants. The allotment date was October 7, 2025, and all shares are subject to lock-in until July 31, 2026.

Key Points

  • 1,20,000 equity shares of Rs. 10/- each listed on BSE
  • Issue price: Rs. 1700/- per share (premium of Rs. 1690/-)
  • Issued to non-promoters on preferential basis through warrant conversion
  • Distinctive numbers: 20596111 to 20716110
  • ISIN: INE0JA001018
  • Shares rank pari-passu with existing equity shares
  • Trading commences: Thursday, January 8, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions must be enforced until July 31, 2026
  • All 1,20,000 shares are subject to lock-in provisions

Important Dates

  • Allotment Date: October 7, 2025
  • Trading Commencement: January 8, 2026
  • Lock-in Period Ends: July 31, 2026

Impact Assessment

Market Impact: Minimal. The listing of 1,20,000 shares represents a small addition to the company’s equity capital. The preferential allotment to non-promoters may provide some liquidity post lock-in period.

Operational Impact: Routine administrative update for trading members. The lock-in period until July 31, 2026 means these shares cannot be traded for approximately 7 months from the listing date, limiting immediate market supply.

Investor Impact: Existing shareholders may experience minor dilution. New shares rank equally with existing shares (pari-passu), ensuring no differential rights.

Impact Justification

Routine listing of new equity shares from warrant conversion affecting a small number of shares (1.2 lakh) with lock-in period. Limited market impact for existing shareholders.