Description
BSE announces listing of 16,49,840 new equity shares of Coromandel Engineering Company Limited issued through warrant conversion, effective September 4, 2025.
Summary
BSE has announced the listing of 16,49,840 new equity shares of Coromandel Engineering Company Limited (Scrip Code: 533167) effective September 4, 2025. These shares were issued at Rs. 40.05 per share through conversion of warrants on a preferential basis to promoters and non-promoters.
Key Points
- 16,49,840 equity shares of Rs. 10/- each issued at premium of Rs. 30.05/-
- Issue price: Rs. 40.05 per share
- Issued through warrant conversion on preferential basis
- Distribution numbers: 33233599 to 34883438
- Date of allotment: May 8, 2025
- ISIN: INE312J01012
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in provisions applicable as per distribution details
Important Dates
- Trading Start Date: September 4, 2025
- Allotment Date: May 8, 2025
- Lock-in Expiry: March 15, 2026 (13,00,000 shares) and March 15, 2027 (3,49,840 shares)
Impact Assessment
Minimal market impact expected as this represents additional shares of an existing listed company through warrant conversion. The lock-in periods provide market stability by restricting immediate trading of significant portions.
Impact Justification
Routine listing of additional shares with minimal market impact