Description
Listing and trading of 1,31,57,600 preferential equity shares of Kothari Industrial Corporation Ltd at Rs. 72.60 per share, effective October 8, 2025.
Summary
BSE has approved the listing and trading of 1,31,57,600 new equity shares of Kothari Industrial Corporation Ltd (Scrip Code: 509732) issued on preferential basis to promoters and non-promoters. The shares will commence trading from October 8, 2025, at an issue price of Rs. 72.60 per share (face value Rs. 5 plus premium of Rs. 67.60). The securities are subject to varying lock-in periods ending between May 2026 and April 2027.
Key Points
- Total new equity shares listed: 1,31,57,600 shares of Rs. 5/- each
- Issue price: Rs. 72.60 per share (including premium of Rs. 67.60)
- Allotment basis: Preferential issue to promoters and non-promoters
- Distribution numbers: 93733106 to 106890704
- Primary allotment date: August 2, 2025 (12,737,600 shares)
- Additional allotment date: September 16, 2025 (4,20,000 shares)
- ISIN: INE972A01020
- Shares rank pari-passu with existing equity shares
- Trading commencement: October 8, 2025
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential issue of equity shares.
Compliance Requirements
- Trading members must note the new securities available for trading from October 8, 2025
- Lock-in restrictions must be observed as per the schedule provided
- Shares cannot be transferred or sold during their respective lock-in periods
Important Dates
- Allotment Date (Primary): August 2, 2025
- Allotment Date (Secondary): September 16, 2025
- Trading Commencement: October 8, 2025
- Lock-in Expiry (59,17,600 shares): May 31, 2026
- Lock-in Expiry (4,20,000 shares): May 31, 2026
- Lock-in Expiry (68,20,000 shares): April 30, 2027
Lock-in Details
| No. of Shares | Distribution Numbers | Lock-in Until |
|---|---|---|
| 59,17,600 | 93733106-99650705 | May 31, 2026 |
| 68,20,000 | 99650706-106470705 | April 30, 2027 |
| 4,20,000 | 106470706-106890705 | May 31, 2026 |
Impact Assessment
Market Impact: Low. This is a company-specific listing event affecting only Kothari Industrial Corporation Ltd shareholders and potential investors.
Liquidity Impact: Moderate increase in total share base, though majority of new shares (68,20,000) are locked in until April 2027, limiting immediate liquidity impact.
Investor Impact: Existing shareholders should note the dilution from preferential allotment. New shares will trade alongside existing shares from October 8, 2025, subject to lock-in restrictions.
Operational Impact: Routine listing procedure with no special trading arrangements required beyond standard lock-in enforcement.
Impact Justification
Routine preferential allotment listing for a single company with limited market-wide impact