Description
RIR Power Electronics Limited has listed 2,835,150 equity shares issued on preferential basis pursuant to warrant conversion, effective November 3, 2025.
Summary
BSE has announced the listing of 2,835,150 new equity shares of RIR Power Electronics Limited (Scrip Code: 517035) effective from November 3, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to the conversion of warrants. The shares are subject to lock-in restrictions until May 30, 2026.
Key Points
- 2,835,150 equity shares of Rs. 2/- each issued at a premium of Rs. 853/-
- Issue price: Rs. 855/- per share
- Issued to Non-Promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- ISIN: INE302D01024
- Distinctive Numbers: 76737251 to 79572400
- Date of Allotment: September 12, 2025
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must note the listing of new securities effective November 3, 2025
- All 2,835,150 shares are subject to lock-in restrictions and cannot be traded until after May 30, 2026
Important Dates
- Date of Allotment: September 12, 2025
- Trading Commencement: November 3, 2025
- Lock-in Expiry: May 30, 2026
Impact Assessment
This is a routine listing announcement with minimal market impact. The preferential allotment increases the equity base by 2,835,150 shares, representing capital infusion of approximately Rs. 242.5 crores (at issue price of Rs. 855/-). However, all shares are locked-in until May 30, 2026, preventing immediate trading and limiting short-term liquidity impact. The announcement affects only RIR Power Electronics Limited and has no broader market implications.
Impact Justification
Routine listing announcement for preferential allotment through warrant conversion. Limited market impact as shares are locked-in until May 2026.