Description

3,50,000 equity shares of Shri Gang Industries & Allied Products Limited listed on BSE with effect from October 20, 2025, issued on preferential basis pursuant to conversion of CCPs.

Summary

BSE has announced the listing and admission to trading of 3,50,000 equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309) effective from October 20, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to conversion of Compulsorily Convertible Preference Shares (CCPs) and are subject to lock-in until January 2, 2026.

Key Points

  • Number of shares listed: 3,50,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 76/- per share (including premium of Rs. 66/-)
  • Issued to: Non-Promoters on preferential basis
  • Basis: Conversion of Compulsorily Convertible Preference Shares
  • Date of allotment: September 3, 2025
  • Trading commencement: October 20, 2025
  • Distinctive numbers: 17930001 to 18280000
  • ISIN: INE241V01018
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a routine listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • All 3,50,000 shares are subject to mandatory lock-in requirements

Important Dates

  • Date of Allotment: September 3, 2025
  • Trading Commencement: October 20, 2025
  • Lock-in Expiry: January 2, 2026 (for all 3,50,000 shares, Dist. Nos. 17930001 to 18280000)

Impact Assessment

Market Impact: Low - This is a small preferential issue of 350,000 shares for a relatively small company. The shares are locked-in until January 2026, preventing immediate trading activity.

Shareholding Impact: The shares were issued to Non-Promoters, potentially diluting existing shareholding, but the quantum is modest.

Liquidity Impact: Minimal immediate impact on liquidity as all shares are under lock-in for approximately 2.5 months from listing date.

Investor Consideration: Existing shareholders should note the dilution from this preferential issue. The shares rank pari-passu with existing equity shares once the lock-in expires.

Impact Justification

Routine listing of preferential shares post CCPS conversion for a small-cap company with minimal market impact