Description
BSE lists 1,52,68,950 new equity shares of Lloyds Metals and Energy Limited issued on a preferential basis pursuant to conversion of warrants, effective March 12, 2026.
Summary
BSE has listed 1,52,68,950 new equity shares of Lloyds Metals and Energy Limited (Scrip Code: 512455) issued on a preferential basis to Promoter and Non-Promoter shareholders pursuant to the conversion of warrants. These shares are permitted to trade on the Exchange with effect from Thursday, March 12, 2026. The shares were issued at a price of Rs. 740/- each (face value Rs. 1/- + premium of Rs. 739/-).
Key Points
- Total new shares listed: 1,52,68,950 equity shares of Rs. 1/- each
- Issue price: Rs. 740/- per share (Rs. 1/- face value + Rs. 739/- premium)
- Allottees: Promoter and Non-Promoter on a preferential basis
- Basis of issue: Conversion of warrants
- Pari-passu: New shares rank pari-passu with existing equity shares
- ISIN: INE281B01032
- Distribution numbers: 529090089 to 544359038
- Date of Allotment: 31 December 2025
- Trading effective from: Thursday, March 12, 2026
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notice pursuant to a preferential allotment already approved and executed.
Compliance Requirements
- Trading members are informed to permit trading in these new securities from March 12, 2026 onwards.
- Lock-in restrictions must be observed as specified; the shares under lock-in cannot be traded until the respective lock-in expiry dates.
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | 31 December 2025 |
| Trading commencement | 12 March 2026 |
| Lock-in expiry (2,68,950 shares) | 30 September 2026 |
| Lock-in expiry (1,50,00,000 shares) | 30 September 2027 |
Impact Assessment
Dilution: The issuance of ~1.53 crore new shares adds to the existing equity base, resulting in dilution for existing shareholders.
Lock-in restriction: 1,50,00,000 shares (Dist. Nos. 529090089–544090088) are locked in until 30 September 2027, and 2,68,950 shares (Dist. Nos. 544090089–544359038) are locked in until 30 September 2026. This significantly limits near-term selling pressure from the preferential allottees.
Market impact: Moderate. The allotment was at Rs. 740/- per share, and the lock-in on the majority of shares reduces immediate float addition. Only 2,68,950 shares will be freely tradeable after September 2026, with the bulk unlocking in September 2027.
Impact Justification
Routine preferential allotment listing following warrant conversion; affects existing shareholders through dilution but is a pre-announced corporate action with lock-in restrictions limiting near-term selling pressure.