Description
Listing and trading of 3,50,000 equity shares issued on preferential basis pursuant to conversion of Compulsorily Convertible Preference Shares, effective October 20, 2025.
Summary
BSE has announced the listing and trading of 3,50,000 equity shares of Shri Gang Industries & Allied Products Limited (Scrip Code: 523309) effective from Monday, October 20, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to the conversion of Compulsorily Convertible Preference Shares (CCPS) and will rank pari-passu with existing equity shares.
Key Points
- 3,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 66/-
- Shares issued to Non-Promoters on preferential basis
- Issued pursuant to conversion of Compulsorily Convertible Preference Shares
- Distinctive Numbers: 17930001 to 18280000
- Date of Allotment: September 3, 2025
- Trading commencement: October 20, 2025
- Issue Price: Rs. 76/- per share
- ISIN: INE241V01018
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new securities.
Compliance Requirements
Trading members are informed to take note of the new securities listing for trading purposes. No specific compliance actions required beyond normal trading procedures.
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)
Impact Assessment
Minimal market impact. This is a preferential allotment of 3,50,000 shares resulting from CCPS conversion for a single company. The shares are subject to lock-in until January 2, 2026, which limits immediate trading volume impact. The listing enables these securities to be traded on the exchange once the lock-in period expires.
Impact Justification
Routine listing of preferential shares from CCPS conversion for a single company with limited market impact