Description
1,836,333 new equity shares of Anand Rayons Limited listed for trading effective August 25, 2025, issued through warrant conversion at Rs. 78 per share.
Summary
BSE has approved the listing of 1,836,333 new equity shares of Anand Rayons Limited (Scrip Code: 542721) effective from Monday, August 25, 2025. These shares were issued through conversion of warrants to non-promoters on a preferential basis at Rs. 78 per share.
Key Points
- 1,836,333 equity shares of Rs. 10 face value issued at Rs. 68 premium
- Shares issued through warrant conversion on preferential basis to non-promoters
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 18382722 to 20219054
- Allotment date: May 12, 2025
- ISIN: INE02GA01012
Regulatory Changes
No regulatory changes - routine listing procedure for warrant conversion.
Compliance Requirements
- Trading members can commence trading in the new shares from August 25, 2025
- All new shares subject to lock-in restrictions until February 28, 2026
Important Dates
- Allotment Date: May 12, 2025
- Trading Commencement: August 25, 2025
- Lock-in Period Expires: February 28, 2026
Impact Assessment
Minimal market impact as this represents a standard warrant conversion process. The addition of 1.8 million shares increases the company’s equity base but does not materially alter market dynamics given the lock-in restrictions until February 2026.
Impact Justification
Routine listing of equity shares from warrant conversion with limited market impact