Description
BSE announces listing of 3,00,000 new equity shares of Ritco Logistics Limited issued on preferential basis to promoters.
Summary
BSE has announced the listing of 3,00,000 new equity shares of Ritco Logistics Limited (Scrip Code: 542383) effective from August 14, 2025. These shares were issued to promoters on a preferential basis pursuant to conversion of warrants at Rs. 247.10 per share.
Key Points
- 3,00,000 equity shares of Rs. 10/- each issued at premium of Rs. 237.10/-
- Issued to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Trading permitted from August 14, 2025
- ISIN: INE01EG01016
- Distribution numbers: 28322758 to 28622757
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed of the new securities availability for trading on the exchange.
Important Dates
- Allotment Date: May 19, 2025
- Trading Commencement: August 14, 2025
- Lock-in Period Ends: February 28, 2027
Impact Assessment
Minimal market impact as this is a routine preferential allotment to promoters with standard lock-in provisions. The shares will increase the company’s equity base but are subject to promoter lock-in until February 2027.
Impact Justification
Routine preferential allotment to promoters with standard lock-in period