Kavveri Defence Gets Approval for Listing 2.57 Crore Equity Shares on June 1, 2026
Kavveri Defence & Wireless Technologies Limited received NSE approval to list 2.57 crore equity shares from June 1, 2026. These shares, issued at ₹16 each upon warrant conversion, are subject to lock-in periods ending November 30, 2026, and November 30, 2027.
The listing of new shares increases the total number of outstanding shares, which can impact earnings per share. The associated lock-in periods also provide some stability regarding immediate selling pressure.
The approval for listing and trading of a significant number of equity shares post-warrant conversion is a positive development, indicating increased share capital and potential for liquidity.
Kavveri Defence & Wireless Technologies Limited has received approval from the National Stock Exchange of India (NSE) for the listing and trading of 1,85,00,000 equity shares and 72,50,000 equity shares, totaling 2,57,50,000 shares. These shares, with a face value of ₹10 each, were issued at a price of ₹16 per equity share (including a premium of ₹6) pursuant to the conversion of warrants issued on a preferential basis to promoters and non-promoters.
The aforesaid equity shares have been approved for listing and admitted to dealings on the Exchange with effect from June 01, 2026. The company has received the listing approval letters from NSE for these shares.
Details regarding the lock-in periods for these shares are provided. For 11,270,000 shares (distinctive numbers 34374261 to 45644260) and 10,000 shares (distinctive numbers 48394261 to 48404260), the lock-in period extends up to November 30, 2026. For the remaining 2,750,000 shares (distinctive numbers 45644261 to 48394260) and 4,470,000 shares (distinctive numbers 48404261 to 52874260), the lock-in period extends up to November 30, 2027.
Similarly, for the 7,250,000 equity shares, the lock-in period for 5,000,000 shares (distinctive numbers 52874261 to 57874260) extends up to November 30, 2026, and for the remaining 2,250,000 shares (distinctive numbers 57874261 to 60124260) extends up to November 30, 2027.
What to do with a filing like this
Kavveri Defence & Wireless Technologies Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kavveri Defence & Wireless Technologies Limited. Read the original for the full detail.