Description

BSE lists 1,52,68,950 new equity shares of Lloyds Metals and Energy Limited for trading from March 12, 2026, issued on a preferential basis pursuant to conversion of warrants at Rs. 740 per share.

Summary

BSE has listed 1,52,68,950 new equity shares of Lloyds Metals and Energy Limited (Scrip Code: 512455, ISIN: INE281B01032) for trading effective Thursday, March 12, 2026. These shares were issued at Rs. 740 per share (face value Rs. 1, premium Rs. 739) to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants, and rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 1,52,68,950 equity shares of Rs. 1/- each
  • Issue price: Rs. 740/- per share (face value Rs. 1/- + premium Rs. 739/-)
  • Scrip Code: 512455 | ISIN: INE281B01032
  • Distribution numbers: 529090089 to 544359038
  • Date of allotment: December 31, 2025
  • Trading effective from: March 12, 2026
  • Allotment basis: Preferential issue to Promoter and Non-Promoter via conversion of warrants
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification pursuant to a completed preferential allotment and warrant conversion under applicable SEBI regulations.

Compliance Requirements

  • Trading members are informed to allow trading in these new securities from March 12, 2026 onward
  • Lock-in restrictions must be observed by holders of the locked-in tranches as per SEBI (ICDR) Regulations

Important Dates

  • Date of Allotment: December 31, 2025
  • Trading commencement: March 12, 2026
  • Lock-in expiry (1,50,00,000 shares): September 30, 2027 (Dist. Nos. 529090089–544090088)
  • Lock-in expiry (2,68,950 shares): September 30, 2026 (Dist. Nos. 544090089–544359038)

Impact Assessment

The listing adds approximately 1.53 crore new equity shares to the tradable universe of Lloyds Metals and Energy Limited. However, the immediate free-float impact is limited, as 1,50,00,000 shares (98.2% of the new issue) are locked in until September 30, 2027, and only 2,68,950 shares are locked until September 30, 2026. The capital raise at Rs. 740/- per share reflects a preferential pricing consistent with SEBI pricing norms. Market impact is expected to be modest given the substantial lock-in period on the majority of newly listed shares.

Impact Justification

Routine listing of preferentially allotted shares post warrant conversion with partial lock-in; increases tradable float marginally but bulk of shares locked in until September 2027.