Niraj Cement Structurals Limited has informed the Exchange regarding 'Receipt of Trading Approval of 25,60,000 Equity Shares of Rs. 10/- each allotted pursuant to conversion of warrants issued on preferential basis'.
NIRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Niraj Cement Structurals Limited has received trading approval from both BSE and NSE for 25,60,000 equity shares of Rs. 10 each. These shares were allotted to the promoters at an issue price of Rs. 53 per share (including a premium of Rs. 43), following the conversion of warrants issued on a preferential basis. The new shares carry distinctive numbers from 48474341 to 51034340 and are admitted to trading on the exchanges effective June 4, 2025. The total value of this preferential issue works out to approximately Rs. 13.57 crore. The shares are subject to a lock-in period until December 4, 2026, meaning promoters cannot sell these shares for about 18 months.
This is a routine regulatory update confirming that previously issued warrants have now been converted into equity shares and are listed for trading. While the lock-in period restricts immediate promoter selling, the increased share count may lead to mild dilution for existing public shareholders.