NSE Grants Trading Approval for Destiny Logistics & Infra's Preferential Allotment
Destiny Logistics & Infra Limited has obtained NSE trading approval for 52,41,000 and 7,39,500 equity shares resulting from warrant conversion, with official listing effective April 24, 2026. The shares carry structured lock-in periods with the majority locked until October 2027, and the approval process involved applications filed in January 2026 following the initial warrant issuance application from September 2024.
*this image is generated using AI for illustrative purposes only.
Destiny Logistics & Infra Limited has secured trading approval from the National Stock Exchange of India Limited for the preferential allotment of 52,41,000 and 7,39,500 fully paid-up equity shares following the conversion of warrants. The shares, each with a face value of Rs. 10, have been listed and admitted to dealings on the exchange effective April 24, 2026.
Background and Application Timeline
The company had submitted an in-principle application for the issuance of convertible warrants on a preferential basis on September 4, 2024. Subsequently, listing applications were filed on January 12, 2026, and January 25, 2026, for the allotment of 52,41,000 and 7,39,500 equity shares respectively. The trading approval was received from NSE for both batches of equity shares through official approval letters dated April 23, 2026.
Share Allotment Details
The equity shares have been allotted under the DESTINY symbol in the SM series. The NSE approval letters, signed by Manager Srishti Soni, confirmed the listing of both tranches of shares with specific distinctive number ranges.
| Sr. No. | Security Description | Symbol | Series | No. of Securities | Distinctive Numbers |
|---|---|---|---|---|---|
| 1 | Equity shares of Rs. 10/- each allotted pursuant to conversion of warrants issued on preferential basis | DESTINY | SM | 5241000 | 15388001 to 20629000 |
| 2 | Equity shares of Rs. 10/- each allotted pursuant to conversion of warrants issued on preferential basis | DESTINY | SM | 739500 | 20629001 to 21368500 |
Lock-in Period Structure
The allotment includes specific lock-in periods for different share batches as detailed in the NSE approval annexures. The lock-in arrangements are structured to ensure compliance with regulatory requirements for preferential allotments.
| No. of Shares | Distinctive Numbers From | Distinctive Numbers To | Lock-in Until |
|---|---|---|---|
| 4200000 | 15388001 | 19588000 | 31-Oct-2027 |
| 1041000 | 19588001 | 20629000 | 31-Oct-2026 |
| 649500 | 20629001 | 21278500 | 31-Oct-2027 |
| 90000 | 21278501 | 21368500 | 31-Oct-2026 |
Regulatory Compliance
The intimation was submitted by Rekha Bhagat, Managing Director of the company, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The NSE has also advised the company to use the NEAPS (NSE Electronic Application Processing System) for all future critical and price-sensitive information submissions, ensuring efficient processing of regulatory filings.
Historical Stock Returns for Destiny Logistics - RE
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.98% | -9.72% | -20.67% | +19.39% | +437.56% |
How will the influx of nearly 60 lakh new equity shares impact Destiny Logistics' stock liquidity and trading volumes once the lock-in periods expire?
What strategic initiatives or expansion plans does Destiny Logistics intend to fund with the capital raised through this preferential allotment?
Will the staggered unlock of shares in October 2026 and 2027 create potential selling pressure that could affect the stock's performance?
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