Description
368,000 equity shares of Norben Tea & Exports Ltd listed for trading with effect from August 14, 2025, issued through warrant conversion.
Summary
BSE has approved the listing of 368,000 equity shares of Norben Tea & Exports Ltd (Scrip Code: 519528) with effect from Thursday, August 14, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters.
Key Points
- 368,000 equity shares of Rs. 10/- each issued at premium of Rs. 7/-
- Issue price: Rs. 17/- per share
- Allotment date: May 27, 2025
- Trading commencement: August 14, 2025
- ISIN: INE369C01017
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification following warrant conversion.
Compliance Requirements
- Trading members are informed of the new securities available for trading
- Lock-in period applies until March 1, 2026
- Distinguished numbers assigned: 12968101 to 13336100
Important Dates
- Allotment Date: May 27, 2025
- Trading Commencement: August 14, 2025
- Lock-in Period Ends: March 1, 2026
Impact Assessment
Minimal market impact as this represents a routine listing of converted warrants for a single company. The lock-in period until March 2026 restricts immediate trading of these securities.
Impact Justification
Routine listing of converted warrants for a single company with limited market impact