Description

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

Summary

BSE has listed 1,10,40,000 equity shares of JTL Industries Limited (Scrip Code: 534600) for trading with effect from January 30, 2026. These shares were issued to Non-Promoters on a preferential basis pursuant to conversion of warrants that were earlier kept under abeyance. The shares carry an issue price of Rs. 300 per share (face value Rs. 1 + premium Rs. 299) and are subject to lock-in until July 31, 2026.

Key Points

  • 1,10,40,000 equity shares of Rs. 1/- each issued at premium of Rs. 299/-
  • Issued to Non-Promoter on preferential basis pursuant to warrant conversion
  • Warrants were earlier kept under abeyance
  • Trading commences on January 30, 2026
  • Shares rank pari-passu with existing equity shares
  • Date of allotment: February 28, 2024
  • Issue price: Rs. 300.00 per share
  • ISIN: INE391J01032
  • Distribution Numbers: 372235459 to 383275458

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following warrant conversion.

Compliance Requirements

  • Trading members should note the new securities available for trading from January 30, 2026
  • Lock-in restrictions apply to all 1,10,40,000 shares until July 31, 2026
  • Shares cannot be transferred or sold until lock-in period expires

Important Dates

  • Date of Allotment: February 28, 2024
  • Trading Commencement: January 30, 2026
  • Lock-in Expiry: July 31, 2026

Impact Assessment

Market Impact: Low. This is a routine listing following warrant conversion. The shares represent dilution but were previously disclosed when warrants were issued.

Liquidity Impact: Minimal immediate impact as all shares are locked-in until July 31, 2026. Post lock-in expiry, approximately 1.10 crore additional shares will become available for trading.

Dilution: The preferential allotment to Non-Promoters increases the equity base of JTL Industries Limited. Existing shareholders should note the dilution effect on their holdings.

Investor Consideration: Lock-in period provides stability for the next six months. Investors should monitor for potential supply increase post July 31, 2026.

Impact Justification

Routine listing announcement for warrant conversion into equity shares with standard lock-in period. Limited market impact as shares were previously in abeyance.