Description
BSE lists 43,93,592 new equity shares of KIRI INDUSTRIES LIMITED issued to promoters on preferential basis from warrant conversion, trading effective September 10, 2025.
Summary
BSE has listed 43,93,592 new equity shares of KIRI INDUSTRIES LIMITED (Scrip Code: 532967) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading on September 10, 2025, and are subject to lock-in until March 14, 2027.
Key Points
- 43,93,592 equity shares of Rs. 10/- each issued at premium of Rs. 359/-
- Issued to promoters on preferential basis from warrant conversion
- Issue price: Rs. 369/- per share
- Distribution numbers: 55628963 to 60022554
- Date of allotment: August 11, 2025
- ISIN: INE415I01015
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. Standard listing process for preferential allotment of shares to promoters.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions must be observed until March 14, 2027
- All 43,93,592 shares subject to mandatory lock-in period
Important Dates
- Allotment Date: August 11, 2025
- Trading Commencement: September 10, 2025
- Lock-in Period Ends: March 14, 2027
- Notice Date: September 9, 2025
Impact Assessment
The listing increases KIRI INDUSTRIES’ issued share capital significantly with promoter participation. The 18-month lock-in period prevents immediate trading by promoters, providing stability. Market impact expected to be moderate as shares are promoter-held and locked-in, limiting immediate supply increase in the market.
Impact Justification
New equity listing affects share capital structure and promoter holdings with significant lock-in period