Description

2,90,000 equity shares of Power & Instrumentation (Gujarat) Limited listed on BSE from September 8, 2025, issued on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 2,90,000 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 (face value Rs. 10 with premium of Rs. 73.75) to Promoter and Non-Promoter on preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 2,90,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 83.75 per share (including premium of Rs. 73.75)
  • Issued to: Promoter and Non-Promoter on preferential basis
  • Basis: Conversion of warrants
  • Distinctive Numbers: 17482901 to 17772900
  • Date of Allotment: July 10, 2025
  • Trading commencement: September 8, 2025
  • ISIN: INE557Z01018
  • Shares rank pari-passu with old equity shares

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

Trading members must note the lock-in provisions:

  • 2,00,000 shares (Dist. Nos. 17482901 to 17682900): Locked-in until March 31, 2027
  • 90,000 shares (Dist. Nos. 17682901 to 17772900): Locked-in until March 31, 2026

Important Dates

  • Allotment Date: July 10, 2025
  • Notice Date: September 5, 2025
  • Trading Commencement: September 8, 2025
  • Lock-in Expiry (90,000 shares): March 31, 2026
  • Lock-in Expiry (2,00,000 shares): March 31, 2027

Impact Assessment

Minimal market impact. This is a standard preferential allotment listing for a single company with relatively small issuance size. The lock-in provisions ensure promoter commitment. Trading members should update their systems to reflect the increased share capital and distinctive number ranges for Power & Instrumentation (Gujarat) Limited.

Impact Justification

Routine listing of preferential shares for a single company with modest issuance size and standard lock-in provisions