Description
2,90,000 new equity shares of Power & Instrumentation (Gujarat) Limited listed for trading with lock-in periods applicable.
Summary
Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) has listed 2,90,000 new equity shares of Rs. 10/- each on BSE, effective from Monday, September 8, 2025. These shares were issued at a premium of Rs. 73.75/- on preferential basis to promoters and non-promoters pursuant to conversion of warrants.
Key Points
- 2,90,000 equity shares of Rs. 10/- each issued at Rs. 83.75/- per share
- Shares issued to promoters and non-promoters on preferential basis
- Issued pursuant to conversion of warrants
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 17482901 to 17772900
- Date of allotment: July 10, 2025
- ISIN: INE557Z01018
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must note the new securities are available for trading
- Lock-in restrictions apply to different tranches of shares
Important Dates
- Trading Commencement: September 8, 2025
- Allotment Date: July 10, 2025
- Lock-in Expiry: March 31, 2026 (90,000 shares) and March 31, 2027 (2,00,000 shares)
Impact Assessment
Limited market impact expected as this is a standard preferential allotment with significant lock-in periods. The majority of shares (2,00,000) are locked until March 2027, restricting immediate trading volume impact.
Impact Justification
Standard new equity listing with moderate volume and lock-in restrictions