Description
BSE approves listing of 1,836,333 equity shares of Anand Rayons Limited issued through warrant conversion, effective August 25, 2025.
Summary
BSE has approved the listing of 1,836,333 equity shares of Anand Rayons Limited (Scrip Code: 542721) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading on August 25, 2025, with a lock-in period until February 28, 2026.
Key Points
- 1,836,333 equity shares of Rs. 10 face value issued at Rs. 68 premium
- Issue price: Rs. 78 per share
- Allotment date: May 12, 2025
- Trading commencement: August 25, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE02GA01012
- Distribution numbers: 18382722 to 20219054
Regulatory Changes
No regulatory framework changes. Standard listing approval for warrant conversion under existing BSE listing regulations.
Compliance Requirements
- Trading members must note the new securities for trading systems
- Lock-in provisions must be observed until February 28, 2026
- All shares subject to standard BSE trading and settlement procedures
Important Dates
- Allotment Date: May 12, 2025
- Trading Commencement: August 25, 2025
- Lock-in Expiry: February 28, 2026
Impact Assessment
Moderate impact on Anand Rayons Limited’s trading liquidity. The addition of 1.84 million shares represents a significant increase in share count, but the 18-month lock-in period will temporarily restrict these shares from trading, limiting immediate market impact. Post lock-in expiry, increased float may improve liquidity but could create selling pressure.
Impact Justification
Standard equity listing with moderate share count and lock-in provisions affecting trading liquidity