Description
176,666 new equity shares of Anand Rayons Limited listed for trading effective August 25, 2025, issued through warrant conversion.
Summary
BSE has approved the listing of 176,666 new equity shares of Anand Rayons Limited (Scrip Code: 542721) for trading from August 25, 2025. These shares were issued to non-promoters on a preferential basis through conversion of warrants at Rs. 78 per share.
Key Points
- 176,666 equity shares of Rs. 10 face value each
- Issue price: Rs. 78 per share (Rs. 68 premium)
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 20831722 to 21008387
- ISIN: INE02GA01012
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period applicable until February 28, 2026
- All 176,666 shares subject to lock-in restrictions
Important Dates
- Allotment Date: June 9, 2025
- Trading Commencement: August 25, 2025
- Lock-in Period Ends: February 28, 2026
Impact Assessment
Minimal market impact expected as this represents a small preferential issue through warrant conversion. The lock-in period until February 2026 prevents immediate trading of these shares by allottees.
Impact Justification
Routine listing of new shares through warrant conversion with limited market impact