Spectrum Electrical Industries Limited has informed the Exchange regarding ' receipt of final trading approval for Equity Shares allotted upon conversion of warrants.'.
SPECTRUM · price
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Spectrum Electrical Industries has received final trading approval from NSE and BSE for 1,07,250 equity shares (face value Rs. 10 each) allotted to its Promoters upon conversion of warrants. The shares were issued on a preferential basis at a premium of Rs. 1,110 per share, and they will be listed and available for trading from August 28, 2025. The entire 1,07,250 shares are subject to a lock-in period until February 28, 2027, meaning promoters cannot sell these shares for about 18 months. The total funds raised via this warrant conversion come to roughly Rs. 12 crore (1,07,250 x Rs. 1,120 including premium).
This is a routine listing update — the shares are now freely tradable on the exchanges, though promoter selling is restricted until early 2027 due to the lock-in. Existing shareholders may see a minor dilution of around 1,07,250 shares, but the lock-in means no immediate promoter supply pressure on the stock.