Description

90 crore equity shares of Pervasive Commodities Limited issued on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from October 29, 2025.

Summary

BSE has announced the listing of 90,00,00,000 (90 crore) new 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 shares will be listed and permitted to trade on the Exchange with effect from Wednesday, October 29, 2025.

Key Points

  • 90,00,00,000 equity shares of Re. 1/- each issued at par value
  • Issued to Non-Promoters on preferential basis through warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 952201 to 900952200
  • Date of Allotment: May 20, 2025
  • Issue Price: Re. 1/- per share
  • ISIN: INE443P01038
  • All shares subject to lock-in until May 5, 2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Trading members must be aware of the lock-in restrictions applicable to all 90 crore shares until May 5, 2026
  • The new shares are ranking pari-passu with old equity shares

Important Dates

  • Allotment Date: May 20, 2025
  • Trading Commencement: October 29, 2025 (Wednesday)
  • Lock-in Period Ends: May 5, 2026

Impact Assessment

Market Impact: The listing of 90 crore shares represents a substantial increase in the equity base of Pervasive Commodities Limited. However, the lock-in period until May 5, 2026 means these shares cannot be traded immediately, limiting near-term supply impact.

Liquidity Impact: Medium - While a large number of shares are being listed, the lock-in restriction prevents immediate trading, delaying any liquidity impact until mid-2026.

Price Impact: The preferential allotment at par value (Re. 1/-) to Non-Promoters through warrant conversion may indicate capital raising activities. Once the lock-in expires in May 2026, the potential sellable float will increase significantly.

Impact Justification

Large number of shares (90 crore) being listed from warrant conversion with lock-in period, significant for Pervasive Commodities shareholders and potential impact on stock liquidity and price.