Description

90 crore equity shares of Pervasive Commodities Limited issued on preferential basis pursuant to warrant conversion will be listed and available for trading from October 29, 2025.

Summary

BSE has announced the listing of 90,00,00,000 (90 crore) equity shares of Re. 1/- each of Pervasive Commodities Limited (Scrip Code: 517172). These shares were issued at par to non-promoters on a preferential basis pursuant to conversion of warrants. The new securities will be available for trading with effect from Wednesday, October 29, 2025, and rank pari-passu with existing equity shares.

Key Points

  • 90 crore equity shares of Re. 1/- each issued at par value
  • Issued to non-promoters on preferential basis through warrant conversion
  • Distinctive Numbers: 952201 to 900952200
  • Date of Allotment: May 20, 2025
  • Issue Price: Re. 1/- per share
  • ISIN: INE443P01038
  • New shares rank pari-passu with existing equity shares
  • Trading commences from October 29, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed to update their systems for the new securities
  • Lock-in restrictions must be enforced as per the specified lock-in period
  • All 90 crore shares are subject to lock-in provisions

Important Dates

  • Allotment Date: May 20, 2025
  • Trading Commencement: October 29, 2025
  • Lock-in Expiry: May 5, 2026 (for all 90 crore shares with Dist. Nos. 952201 to 900952200)

Impact Assessment

Market Impact: The listing of 90 crore equity shares represents substantial dilution in the company’s equity capital. However, the immediate market impact is mitigated by the lock-in period extending until May 5, 2026, which prevents these shares from being traded freely for approximately 6 months.

Operational Impact: The shares were issued to non-promoters through warrant conversion at par value of Re. 1/-, indicating fundraising at face value. This suggests either a distressed situation or a strategic investment by non-promoter entities. The lock-in period provides stability during the interim period.

Investor Consideration: Existing shareholders should note the significant increase in equity base. The preferential allotment to non-promoters at par value and subsequent lock-in until May 2026 are key factors for monitoring shareholding pattern changes.

Impact Justification

Significant dilution with 90 crore shares but issued to non-promoters on preferential basis with lock-in until May 2026. Material impact on shareholding structure but controlled through lock-in period.