Description
BSE permits trading in 16,437 new equity shares of Sharat Industries Ltd from July 31, 2025, following conversion of partly paid shares to fully paid up shares.
Summary
BSE has authorized trading in 16,437 new equity shares of Sharat Industries Ltd (Scrip Code: 519397) effective July 31, 2025. These shares result from the conversion of partly paid shares to fully paid up equity shares of Rs. 10/- each on a rights basis.
Key Points
- 16,437 new equity shares to be listed
- Face value: Rs. 10/- each
- ISIN: INE220Z01013
- Scrip Code: 519397
- Shares are pari-passu with existing equity shares
- Result of conversion from partly paid to fully paid shares on rights basis
Regulatory Changes
No regulatory changes introduced. This is a standard listing procedure for converted shares.
Compliance Requirements
- Trading members permitted to trade in the new securities from the effective date
- Standard trading rules and regulations apply to these shares
Important Dates
- Trading Commencement: Thursday, July 31, 2025
- Notice Date: July 30, 2025
Impact Assessment
Minimal market impact expected as this represents a routine conversion of partly paid shares to fully paid shares. The new shares carry the same rights as existing equity shares and represent a small increase in the company’s tradeable share capital.
Impact Justification
Routine listing of converted shares with limited market impact