Description

BSE lists 2,90,000 new equity shares of Power & Instrumentation (Gujarat) Limited issued on preferential basis with lock-in periods.

Summary

BSE has listed 2,90,000 new equity shares of Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) effective from Monday, September 8, 2025. These shares were issued at Rs. 83.75 per share to promoter and non-promoter entities on a preferential basis pursuant to conversion of warrants.

Key Points

  • 2,90,000 equity shares of Rs. 10/- each issued at premium of Rs. 73.75/-
  • Issue price: Rs. 83.75 per share
  • Shares rank pari-passu with existing equity shares
  • Distribution numbers: 17482901 to 17772900
  • Allotment date: July 10, 2025
  • ISIN: INE557Z01018

Regulatory Changes

No regulatory changes - routine listing of additional shares from warrant conversion.

Compliance Requirements

Trading members are informed that these securities are now available for trading on the exchange.

Important Dates

  • Allotment Date: July 10, 2025
  • Trading Commencement: September 8, 2025
  • Lock-in Expiry (2,00,000 shares): March 31, 2027
  • Lock-in Expiry (90,000 shares): March 31, 2026

Impact Assessment

Minimal market impact as this represents a small increase in available shares from warrant conversion. The lock-in periods ensure gradual availability of shares to the market, reducing immediate supply pressure.

Impact Justification

Routine listing of additional shares from warrant conversion with minimal market impact