Description

Listing and trading of 1,21,50,000 equity shares of Rs. 10/- each issued on preferential basis to non-promoters, effective from October 31, 2025.

Summary

BSE has approved the listing of 1,21,50,000 equity shares of Rs. 10/- each of RRP DEFENSE LIMITED (Scrip Code: 530929) issued to non-promoters on a preferential basis at par value. The shares will be available for trading from Friday, October 31, 2025, and rank pari-passu with existing equity shares. The shares were allotted in three tranches between April 7-17, 2025, with varying lock-in periods.

Key Points

  • Total new securities listed: 1,21,50,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 10/- per share (at par)
  • Scrip Code: 530929
  • ISIN: INE535P01015
  • Trading commencement date: October 31, 2025
  • Issued to non-promoters on preferential basis
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 3059501 to 15209500

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment of equity shares.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • Lock-in restrictions apply to all shares as per the specified schedule
  • Market participants must note the distinctive number ranges for the new shares

Important Dates

  • Allotment Dates:
    • April 7, 2025: First tranche allotted
    • April 11, 2025: Second tranche (21,50,000 shares) allotted
    • April 17, 2025: Third tranche (50,00,000 shares) allotted
  • Trading Commencement: October 31, 2025
  • Lock-in Expiry Dates:
    • May 3, 2026: 1,00,00,000 shares (Dist. Nos. 5209501-15209500)
    • May 4, 2026: 20,00,000 shares (Dist. Nos. 3209501-5209500)
    • May 3, 2026: 1,50,000 shares (Dist. Nos. 3059501-3209500)

Impact Assessment

Market Impact: Low to medium. The preferential issue of 1.215 crore shares represents a significant dilution event for existing shareholders. However, the lock-in provisions (ranging from approximately 18-19 months from allotment) will prevent immediate selling pressure.

Liquidity Impact: Moderate increase in total outstanding shares, though locked-in shares will not contribute to tradable float until May 2026.

Company Impact: Capital raise at par value suggests fundraising for business expansion or working capital requirements. The defense sector focus may attract investor interest given current market dynamics.

Impact Justification

Routine listing notification for preferential allotment with lock-in provisions. Limited market-wide impact, relevant primarily to company shareholders and potential investors.