Description

BSE lists 41,60,000 new equity shares of Eraaya Lifespaces Limited (Scrip Code 531035) issued to promoters on preferential basis via conversion of warrants, effective March 2, 2026.

Summary

BSE has notified trading members that 41,60,000 new equity shares of Eraaya Lifespaces Limited (Scrip Code: 531035) are listed and permitted to trade on the Exchange with effect from Monday, March 2, 2026. These shares were issued to promoters on a preferential basis at Rs. 81/- per share (face value Re. 1/- at a premium of Rs. 80/-) pursuant to conversion of warrants.

Key Points

  • 41,60,000 equity shares of face value Re. 1/- each issued at a premium of Rs. 80/- (issue price Rs. 81/-)
  • Shares allotted to promoters on preferential basis via conversion of warrants
  • New shares rank pari-passu with existing equity shares
  • Allotment made in two tranches: 15,00,000 shares on 01/01/2026 and 26,60,000 shares on 02/01/2026
  • ISIN: INE432F01032
  • All 41,60,000 shares are under lock-in until 10/09/2027
  • Trading effective from Monday, March 2, 2026

Regulatory Changes

No new regulatory changes. This circular is an operational notification for listing of securities already allotted under a preferential issue approved in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations.

Compliance Requirements

  • Trading members are informed of the new securities now available for trading from March 2, 2026
  • The lock-in restriction on all 41,60,000 shares must be observed until September 10, 2027
  • Depository participants should note the ISIN INE432F01032 and the applicable lock-in on the distribution numbers 199334161 to 203494160

Important Dates

  • Allotment Date (Tranche 1): January 1, 2026 — 15,00,000 shares (Dist. Nos. 199334161 to 200834160)
  • Allotment Date (Tranche 2): January 2, 2026 — 26,60,000 shares (Dist. Nos. 200834161 to 203494160)
  • Trading Commencement: March 2, 2026
  • Lock-in Expiry: September 10, 2027

Impact Assessment

The listing adds 41,60,000 shares to Eraaya Lifespaces Limited’s equity base, representing promoter-held shares subject to a lock-in until September 2027. Since these shares cannot be traded in the open market until the lock-in expires, the immediate liquidity and price impact is limited. However, existing shareholders face dilution from this preferential allotment. The warrant conversion at Rs. 81/- per share reflects the agreed preferential pricing. Market participants should monitor the lock-in expiry date (September 10, 2027) as a potential future liquidity event.

Impact Justification

Routine preferential allotment listing for a promoter warrant conversion. The 4.16 million new shares are subject to lock-in until September 2027, limiting immediate market impact, but represents dilution for existing shareholders.