Description
BSE permits trading in 189,609 new equity shares of Sharat Industries Ltd from conversion of partly paid shares to fully paid shares effective August 26, 2025.
Summary
BSE has approved the listing of 189,609 new equity shares of Sharat Industries Ltd (Scrip Code: 519397) resulting from the conversion of partly paid shares to fully paid shares on a rights basis. Trading in these securities will commence from Tuesday, August 26, 2025.
Key Points
- 189,609 equity shares of Rs. 10/- each added to trading
- Shares result from conversion of partly paid to fully paid shares
- Rights basis conversion for existing shareholders
- ISIN: INE220Z01013
- New shares are pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing procedure for converted securities.
Compliance Requirements
- Trading members permitted to trade in the new securities
- Securities carry same rights and privileges as existing shares
- Standard settlement and trading procedures apply
Important Dates
- Effective Trading Date: Tuesday, August 26, 2025
- Notice Date: August 25, 2025
Impact Assessment
Minimal market impact as this represents conversion of existing partly paid shares rather than fresh capital raising. The new shares maintain pari-passu status with existing equity, ensuring no dilution of shareholder rights.
Impact Justification
Routine listing of converted shares for a single company with limited market impact