Description

BSE announces listing of 1 million equity shares of Tarmat Limited (Scrip Code: 532869) issued at Rs. 95/- on preferential basis to non-promoters pursuant to warrant conversion, effective January 16, 2026.

Summary

BSE has approved the listing of 1,000,000 equity shares of Tarmat Limited (Scrip Code: 532869) issued on a preferential basis to non-promoters pursuant to conversion of warrants. The shares will be available for trading from Friday, January 16, 2026. The shares were issued at Rs. 95/- per share (face value Rs. 10/- plus premium of Rs. 85/-) and are subject to lock-in until July 30, 2026.

Key Points

  • 1,000,000 equity shares of Rs. 10/- each issued at a premium of Rs. 85/-
  • Issue price: Rs. 95/- per share
  • Allotted to non-promoters on preferential basis via warrant conversion
  • Date of allotment: October 23, 2025
  • Trading commencement: January 16, 2026
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE924H01018
  • Distinctive numbers: 24064256 to 25064255
  • All shares under lock-in until July 30, 2026

Regulatory Changes

No regulatory changes. This is a routine listing notification following SEBI guidelines for preferential allotment and warrant conversion.

Compliance Requirements

  • Trading members must note the new securities for Tarmat Limited
  • Lock-in restrictions apply to all 1,000,000 shares until July 30, 2026
  • Shares cannot be transferred or traded by allottees during the lock-in period

Important Dates

  • Allotment Date: October 23, 2025
  • Trading Start Date: January 16, 2026
  • Lock-in Expiry: July 30, 2026
  • Notice Date: January 14, 2026

Impact Assessment

Market Impact: Low. This is a routine listing of preferential shares for a single company. The 1 million shares represent a capital infusion of Rs. 9.5 crores for Tarmat Limited. The lock-in period until July 30, 2026 means these shares will not immediately impact trading volumes or liquidity. The warrant conversion indicates fulfillment of prior funding commitments by non-promoter investors, which is positive for the company’s capital structure but has minimal broader market implications.

Impact Justification

Routine listing of preferential allotment shares via warrant conversion for a single company with lock-in restrictions. Limited market-wide impact.