Description
BSE lists 26,786,550 new equity shares of INOX Green Energy Services Limited (Scrip Code 543667) for trading effective March 12, 2026, issued on a preferential basis via conversion of warrants at Rs. 145/- per share.
Summary
BSE Notice No. 20260311-36 informs trading members that 26,786,550 new equity shares of INOX Green Energy Services Limited (Scrip Code: 543667, ISIN: INE510W01014) are listed and permitted to trade on the Exchange effective Thursday, March 12, 2026. The shares were issued at a premium of Rs. 135/- (issue price Rs. 145/-) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- Total new shares listed: 26,786,550 equity shares of Rs. 10/- face value each
- Issue price: Rs. 145.00/- per share (face value Rs. 10/- + premium Rs. 135/-)
- Issued to: Promoters and Non-Promoters via preferential allotment on warrant conversion
- Pari-passu: New shares rank pari-passu with existing equity shares
- Distribution numbers: 374705496 to 401492045
- Trading commencement: Thursday, March 12, 2026
Regulatory Changes
No new regulatory changes. This is a standard listing notice under BSE’s framework for admission of new securities following preferential allotment.
Compliance Requirements
- Trading members are informed to update their systems to reflect the new securities and distribution numbers.
- Lock-in restrictions must be observed per SEBI regulations for the respective tranches.
Important Dates
| Event | Date |
|---|---|
| Allotment (Tranche 1 – 68,96,550 shares) | 23 January 2026 |
| Allotment (Tranche 2 – 1,98,90,000 shares) | 28 January 2026 |
| Trading commencement | 12 March 2026 |
| Lock-in expiry (Tranche 1) | 14 September 2026 |
| Lock-in expiry (Tranche 2) | 14 September 2027 |
Impact Assessment
The listing adds approximately 26.79 million shares to the tradable pool of INOX Green Energy Services Limited (BSE: 543667). However, a significant portion is subject to lock-in: Tranche 1 (6,896,550 shares) is locked until September 14, 2026, and Tranche 2 (19,890,000 shares — the larger portion) is locked until September 14, 2027. The effective free float addition in the near term is limited. Existing shareholders may see minor dilution. This is a standard corporate action with medium market impact.
Impact Justification
Routine listing of new equity shares via preferential allotment following warrant conversion; introduces lock-in periods affecting near-term tradable float.