Niraj Cement Structurals Limited has informed the Exchange regarding 'Receipt of Trading Approval of 33,00,000 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 has received trading approval from both BSE and NSE for 33,00,000 equity shares of Rs. 10 each, allotted to Non-Promoters at an issue price of Rs. 53 per share (including Rs. 43 premium). These shares were issued upon conversion of warrants that were originally allotted on a preferential basis. The new shares are admitted to trading on the exchanges with effect from June 27, 2025, carrying distinctive numbers from 51034341 to 54334340. The entire 33 lakh shares are subject to a lock-in period that runs until January 2, 2026, meaning they cannot be sold by the allottees until that date.
The conversion increases the company's paid-up equity share capital, causing potential dilution for existing shareholders. Since the shares are locked in until early January 2026, there is no immediate supply pressure on the stock, but shareholders should be aware of a potential overhang once the lock-in expires.