Description
583,905 equity shares of Borosil Renewables Limited listed for trading effective August 14, 2025 following warrant conversion.
Summary
BSE has approved the listing of 583,905 new equity shares of Borosil Renewables Limited (Scrip Code: 502219) effective August 14, 2025. These shares were issued to non-promoters on a preferential basis following the conversion of warrants at Rs. 530 per share.
Key Points
- 583,905 equity shares of Rs. 1/- each issued at premium of Rs. 529/-
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Trading permitted from August 14, 2025
- Issue price: Rs. 530 per share
- ISIN: INE666D01022
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period applies to all issued shares until February 18, 2026
Important Dates
- Allotment Date: June 9, 2025
- Trading Commencement: August 14, 2025
- Lock-in Period End: February 18, 2026
Impact Assessment
Minimal market impact expected as this represents routine listing of shares following warrant conversion. The shares are subject to lock-in restrictions until February 2026, limiting immediate trading volume impact.
Impact Justification
Routine equity listing following warrant conversion with minimal market impact