Description
Choice International Ltd lists 6 million equity shares at Rs. 300 each from preferential warrant conversion, effective August 14, 2025.
Summary
Choice International Ltd (Scrip Code: 531358) has listed 6 million new equity shares on BSE effective August 14, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters at Rs. 300 per share.
Key Points
- 6 million equity shares of Rs. 10 face value each
- Issue price: Rs. 300 per share (Rs. 290 premium)
- Allotment date: June 4, 2025
- Trading commencement: August 14, 2025
- ISIN: INE102B01014
- Distribution numbers: 199655501 to 205655500
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability
- Shares rank pari-passu with existing equity shares
- Lock-in restrictions apply as detailed
Important Dates
- Allotment Date: June 4, 2025
- Trading Start: August 14, 2025
- Lock-in Expiry: February 14, 2026
Impact Assessment
The listing increases Choice International’s equity base by 6 million shares. All new shares are subject to lock-in until February 14, 2026, limiting immediate trading impact. The preferential issue to non-promoters indicates capital raising for business expansion.
Impact Justification
Standard listing of converted warrants with lock-in period affecting trading float