Description
3,77,15,000 new equity shares of Tilaknagar Industries Ltd are listed on BSE effective March 5, 2026, issued to Non Promoters on a preferential basis pursuant to conversion of warrants at Rs. 382 per share.
Summary
BSE Notice No. 20260304-27 informs trading members that 3,77,15,000 new equity shares of Tilaknagar Industries Ltd (Scrip Code: 507205) have been listed and are permitted to trade on the Exchange effective Thursday, March 5, 2026. The shares were issued to Non Promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 382 per share (face value Rs. 10 + premium of Rs. 372).
Key Points
- Scrip Code: 507205 | ISIN: INE133E01013
- Number of shares: 3,77,15,000 equity shares of Rs. 10/- each
- Issue price: Rs. 382/- per share (face value Rs. 10/- + premium Rs. 372/-)
- Issued to: Non Promoters on a preferential basis via conversion of warrants
- Shares rank pari-passu with existing equity shares of the company
- Distribution numbers: 208193751 to 245908750
- Date of allotment: November 20, 2025
- Trading permitted from: March 5, 2026
Regulatory Changes
No new regulatory changes. This is a standard listing notice under existing BSE listing and trading regulations governing preferential allotments.
Compliance Requirements
- Trading members may trade these securities from March 5, 2026 onwards.
- The newly listed shares are subject to a lock-in period; the 3,77,15,000 shares (Dist. Nos. 208193751 to 245908750) are locked in until September 4, 2026.
- Members should note the lock-in details before facilitating any transactions in these shares.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | November 20, 2025 |
| Trading Commencement | March 5, 2026 |
| Lock-in Expiry | September 4, 2026 |
Impact Assessment
The listing adds approximately 3.77 crore new equity shares to Tilaknagar Industries Ltd’s tradeable float starting March 5, 2026. Since these shares were issued to Non Promoters via warrant conversion, this dilutes existing shareholders proportionally. However, the shares carry a lock-in until September 4, 2026, limiting immediate selling pressure on the market. Overall market impact is moderate and in line with the company’s previously announced capital raise through preferential warrants.
Impact Justification
Routine listing of new equity shares following preferential allotment via warrant conversion; increases share count but is a standard corporate action with a defined lock-in period.