Description

368,000 equity shares of Norben Tea & Exports Ltd listed on BSE from August 14, 2025, issued through warrant conversion.

Summary

Norben Tea & Exports Ltd (Scrip Code: 519528) has listed 368,000 new equity shares on BSE effective August 14, 2025. These shares were issued to non-promoters on a preferential basis through conversion of warrants at Rs. 17 per share.

Key Points

  • 368,000 equity shares of Rs. 10 each issued at Rs. 7 premium
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 12968101 to 13336100
  • ISIN: INE369C01017
  • Issue price: Rs. 17.00 per share

Regulatory Changes

No regulatory changes applicable.

Compliance Requirements

  • Trading members informed of new securities listing
  • Shares subject to lock-in period until March 1, 2026
  • Standard trading and settlement procedures apply

Important Dates

  • Allotment Date: May 27, 2025
  • Trading Commencement: August 14, 2025
  • Lock-in Period Ends: March 1, 2026

Impact Assessment

Minimal market impact expected as this is a routine listing of shares issued through warrant conversion. The lock-in period until March 2026 ensures these shares cannot be traded immediately, limiting any potential dilution effect on existing shareholders.

Impact Justification

Routine listing of new shares through warrant conversion with minimal market impact