Description

BSE announces listing and trading of 1 million equity shares of Tarmat Limited (Scrip Code: 532869) issued to non-promoters on preferential basis pursuant to warrant conversion, effective January 16, 2026.

Summary

BSE has approved the listing and trading of 1,000,000 equity shares of Tarmat Limited (Scrip Code: 532869) issued on a preferential basis to non-promoters. These shares were allotted pursuant to the conversion of warrants at Rs. 95.00 per share (Rs. 10 face value + Rs. 85 premium). Trading will commence on Friday, January 16, 2026. The shares are subject to a lock-in period until July 30, 2026.

Key Points

  • 1,000,000 equity shares of Rs. 10 face value issued at Rs. 95 per share
  • Issued to non-promoters on preferential basis through warrant conversion
  • Distribution numbers: 24064256 to 25064255
  • Date of allotment: October 23, 2025
  • ISIN: INE924H01018
  • Shares rank pari-passu with existing equity shares
  • All 1,000,000 shares are under lock-in until July 30, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities effective January 16, 2026
  • Lock-in restrictions apply to all 1,000,000 shares until July 30, 2026
  • Standard trading and settlement procedures apply post-listing date

Important Dates

  • Allotment Date: October 23, 2025
  • Trading Commencement: January 16, 2026 (Friday)
  • Lock-in Expiry: July 30, 2026

Impact Assessment

This is a routine listing announcement with minimal market impact. The preferential allotment of 1 million shares represents a capital infusion for Tarmat Limited through warrant conversion. The lock-in period until July 30, 2026 prevents immediate selling pressure. Impact is limited to existing shareholders of Tarmat Limited, with no broader market implications. The shares being issued to non-promoters at a premium indicates investor confidence in the company.

Impact Justification

Routine listing announcement for preferential allotment of a relatively small number of shares (1 million) with standard lock-in provisions. Limited market-wide impact as it affects only one company's existing shareholders.