Description

JTL Industries Limited lists 1,10,40,000 equity shares issued at Rs. 300 per share on preferential basis pursuant to warrant conversion, with lock-in until July 31, 2026.

Summary

BSE has approved the listing of 1,10,40,000 equity shares of JTL Industries Limited (Scrip Code: 534600) issued on preferential basis to non-promoters. These shares were issued at Rs. 300 per share (face value Rs. 1 plus premium of Rs. 299) pursuant to conversion of warrants that were previously held in abeyance. The shares will commence trading on January 30, 2026, and are subject to a lock-in period until July 31, 2026.

Key Points

  • 1,10,40,000 equity shares of face value Rs. 1 each issued at premium of Rs. 299
  • Total issue price: Rs. 300 per share
  • Issued to non-promoters on preferential basis
  • Shares issued pursuant to conversion of warrants previously kept under abeyance
  • ISIN: INE391J01032
  • Distinctive Numbers: 372235459 to 383275458
  • Original allotment date: February 28, 2024
  • Trading commencement: January 30, 2026
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a routine listing notification following warrant conversion and completion of regulatory requirements.

Compliance Requirements

  • Trading members must update their systems to reflect the increased share capital of JTL Industries Limited
  • The newly listed shares are subject to lock-in restrictions and cannot be transferred until the lock-in period expires
  • Market participants must note the lock-in details when executing trades

Important Dates

  • Original Allotment Date: February 28, 2024
  • Trading Commencement: January 30, 2026
  • Lock-in Period Expiry: July 31, 2026
  • Notice Date: January 29, 2026

Impact Assessment

Market Impact: The listing adds 11.04 million shares to JTL Industries’ tradable equity base, representing a significant increase in share capital. However, the immediate market impact is limited due to the lock-in period until July 31, 2026.

Liquidity Impact: Current liquidity impact is minimal as all newly listed shares are locked-in for approximately 6 months. Post lock-in expiry, there could be increased supply in the market which may create downward pressure on share price.

Dilution Impact: Existing shareholders will experience dilution from this preferential allotment. The extent depends on the company’s pre-issue share capital.

Investment Consideration: The Rs. 300 issue price provides a reference point for valuation. Investors should monitor post-July 2026 for potential selling pressure when lock-in expires.

Impact Justification

Significant preferential allotment of 11.04 million shares with 6-month lock-in period. Medium impact due to potential dilution and supply increase post lock-in expiry.