Description
BSE lists 6 million new equity shares of Choice International Ltd issued through warrant conversion, effective August 14, 2025.
Summary
BSE has approved the listing of 6 million new equity shares of Choice International Ltd (Scrip Code: 531358) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading on August 14, 2025, with a lock-in period until February 14, 2026.
Key Points
- 6 million equity shares of Rs. 10/- each issued at Rs. 290/- premium
- Total issue price: Rs. 300/- per share
- Issued to non-promoters through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distinguished numbers: 199655501 to 205655500
- Allotment date: June 4, 2025
Regulatory Changes
No regulatory framework changes. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in compliance required until February 14, 2026
- ISIN code: INE102B01014 to be used for trading
Important Dates
- Allotment Date: June 4, 2025
- Trading Commencement: August 14, 2025
- Lock-in Expiry: February 14, 2026
Impact Assessment
Significant equity dilution for Choice International Ltd with 6 million new shares entering the market. The preferential allotment to non-promoters may affect promoter shareholding percentage. Lock-in period provides temporary supply constraint until February 2026.
Impact Justification
Medium impact due to significant equity dilution (6M shares) but company-specific effect