Niraj Cement Structurals Limited has informed the Exchange regarding 'Receipt of Trading Approval of 53,60,000 Equity Shares allotted pursuant to conversion of warrants issued on preferential basis'.
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Niraj Cement Structurals Limited has received trading approval from BSE and NSE for 53,60,000 equity shares (face value Rs. 10 each) allotted to Promoters and Non-Promoters upon conversion of warrants issued on a preferential basis. The issue price was Rs. 53 per share, which includes a premium of Rs. 43, taking the total value of the allotment to roughly Rs. 28.4 crore. The newly issued shares became tradable on both exchanges from August 5, 2025. A portion of these shares (26.8 lakh shares) is locked in until February 4, 2026, while the remaining 25.6 lakh shares are locked in until February 4, 2027, in line with SEBI preferential allotment rules.
The listing of these new shares expands the share base by 53.6 lakh shares, which will lead to dilution for existing shareholders. Promoter and investor lock-ins extending into 2026 and 2027 limit near-term selling pressure, but the increased float could weigh on the stock price once trading begins.