Description

BSE announces listing of 1,08,69,565 new equity shares of IndoStar Capital Finance Limited issued on preferential basis pursuant to warrant conversion, effective January 12, 2026.

Summary

BSE has announced the listing of 1,08,69,565 new equity shares of IndoStar Capital Finance Limited (Scrip Code: 541336) effective from Monday, January 12, 2026. These shares were issued at a premium of Rs. 174/- to non-promoters on a preferential basis pursuant to conversion of warrants, with an issue price of Rs. 184/- per share. The new shares rank pari-passu with existing equity shares and are subject to a lock-in period until July 20, 2026.

Key Points

  • 1,08,69,565 new equity shares of Rs. 10/- each issued
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Issue price: Rs. 184/- (Rs. 10/- face value + Rs. 174/- premium)
  • Distinctive Numbers: 141017005 to 151886569
  • Date of allotment: November 25, 2025
  • ISIN: INE896L01010
  • New shares rank pari-passu with existing equity shares
  • All shares subject to lock-in until July 20, 2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note the listing of new securities for trading purposes
  • Lock-in period restrictions must be observed until July 20, 2026
  • New shares to be treated as pari-passu with existing equity shares for all corporate actions

Important Dates

  • Allotment Date: November 25, 2025
  • Trading Commencement: January 12, 2026 (Monday)
  • Lock-in Expiry: July 20, 2026

Impact Assessment

Market Impact: Medium - The issuance of over 1 crore new shares on a preferential basis will result in equity dilution for existing shareholders. The lock-in period until July 20, 2026 prevents immediate selling pressure from these allottees.

Operational Impact: Low - Standard listing process with no special trading restrictions beyond the lock-in period for the newly issued shares.

Investor Impact: Medium - Existing shareholders experience dilution. New shares issued at Rs. 184/- provide a reference price for the preferential allotment. Investors should monitor the company’s utilization of funds raised through this warrant conversion.

Impact Justification

Standard new securities listing notice for preferential allotment with lock-in period. Impacts existing shareholders through dilution but follows regulatory process.