Description

SpiceJet Limited lists 11.25 crore equity shares issued on preferential basis to non-promoters pursuant to loan conversion, effective February 10, 2026.

Summary

BSE notifies the listing of 11,25,06,725 equity shares of SpiceJet Limited (Scrip Code: 500285) with effect from February 10, 2026. These shares were issued to non-promoters on a preferential basis at Rs. 42.32 per share (face value Rs. 10 plus premium of Rs. 32.32) pursuant to conversion of loan. The shares carry a lock-in period until August 9, 2026.

Key Points

  • Total shares listed: 11,25,06,725 equity shares of Rs. 10 each
  • Issue price: Rs. 42.32 per share (premium of Rs. 32.32)
  • Allotted to: Non-promoters on preferential basis
  • Purpose: Conversion of loan into equity
  • Date of allotment: November 18, 2025
  • Trading commencement: February 10, 2026
  • Distinctive numbers: 1413592768 to 1526099492
  • ISIN: INE285B01017
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification for preferentially allotted securities.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Lock-in restrictions must be observed: All 11,25,06,725 shares are locked-in until August 9, 2026
  • Shares cannot be transferred or sold before the lock-in expiry date

Important Dates

  • November 18, 2025: Date of allotment
  • February 10, 2026: Trading commencement date (effective date)
  • August 9, 2026: Lock-in period expiry date

Impact Assessment

Market Impact: Moderate dilution impact as substantial number of shares added to equity base through loan conversion. The preferential allotment to non-promoters indicates capital restructuring, likely to improve SpiceJet’s debt position. Lock-in until August 2026 provides temporary price stability by restricting immediate selling pressure.

Operational Impact: Debt-to-equity conversion improves balance sheet metrics and reduces interest burden. Non-promoter participation suggests confidence from financial or strategic investors. The premium pricing (Rs. 42.32) indicates perceived value above face value despite financial challenges historically faced by the company.

Impact Justification

Significant equity dilution of ~11.25 crore shares representing material capital restructuring through debt-to-equity conversion, impacting existing shareholders