Description
BSE announces listing of 2,83,784 equity shares of Vikram Kamats Hospitality Limited issued on preferential basis pursuant to conversion of warrants, effective October 8, 2025.
Summary
BSE has approved the listing and trading of 2,83,784 equity shares of Vikram Kamats Hospitality Limited (Scrip Code: 539659) effective Wednesday, October 8, 2025. These shares were issued at a premium of Rs. 64/- to non-promoters on a preferential basis pursuant to the conversion of warrants.
Key Points
- 2,83,784 equity shares of Rs. 10/- each issued at Rs. 74/- per share (including premium of Rs. 64/-)
- Issued to non-promoters on preferential basis through warrant conversion
- Date of allotment: August 8, 2025
- Trading commencement: October 8, 2025
- Distinctive numbers: 15492082 to 15775865
- ISIN: INE564S01019
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members must note the listing of these new securities for trading operations effective October 8, 2025.
Important Dates
- Allotment Date: August 8, 2025
- Trading Commencement: October 8, 2025
- Lock-in Period Expiry: April 29, 2026
Impact Assessment
Limited market impact expected. This is a routine preferential allotment through warrant conversion to non-promoters. All 2,83,784 shares are subject to lock-in until April 29, 2026, preventing immediate trading activity. The shares will rank pari-passu with existing equity, maintaining uniform shareholder rights.
Impact Justification
Routine listing of preferential allotment shares via warrant conversion; limited market impact due to small number of shares relative to market float