Description

Listing of 2,400,000 equity shares of Kilburn Engineering Ltd issued at Rs. 166/- per share to Non-Promoters on preferential basis pursuant to warrant conversion, effective October 28, 2025.

Summary

BSE has approved the listing of 2,400,000 new equity shares of Kilburn Engineering Ltd (Scrip Code: 522101) issued to Non-Promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on October 28, 2025, and are subject to a lock-in period until May 30, 2026.

Key Points

  • 2,400,000 equity shares of face value Rs. 10/- each issued at a premium of Rs. 156/- per share
  • Total issue price: Rs. 166/- per share
  • Allotment made to Non-Promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 49037859 to 51437858
  • ISIN: INE338F01015
  • All shares subject to mandatory lock-in until May 30, 2026

Regulatory Changes

No regulatory changes introduced. This is a standard listing procedure following SEBI preferential allotment guidelines.

Compliance Requirements

  • Trading members must note the new share listing effective October 28, 2025
  • All 2,400,000 shares are locked-in and cannot be transferred or sold until May 30, 2026
  • Shares issued pursuant to warrant conversion under preferential allotment regulations

Important Dates

  • Allotment Dates: July 29, 2025, July 31, 2025, and August 5, 2025
  • Trading Commencement: October 28, 2025 (Tuesday)
  • Lock-in Period Expires: May 30, 2026

Impact Assessment

Market Impact: The listing increases Kilburn Engineering’s equity base by 2.4 million shares, representing potential dilution for existing shareholders. The 7-month lock-in period means these shares will not impact immediate market supply. The preferential allotment to Non-Promoters indicates capital raising for business expansion or debt reduction.

Liquidity Impact: Medium - While 2.4 million additional shares will eventually increase free float, the lock-in period delays any immediate liquidity impact until May 2026.

Investor Consideration: Investors should monitor the company’s use of the Rs. 39.84 crore raised (2.4M shares × Rs. 166) and assess whether the warrant conversion reflects positive business sentiment from strategic investors.

Impact Justification

Medium importance as this is a significant preferential allotment of 2.4 million shares with 7-month lock-in period that will increase the free float and may impact stock liquidity and price. Standard listing procedure with no regulatory changes.