Description

BSE has approved listing of 2,835,150 equity shares of RIR Power Electronics Limited issued on preferential basis pursuant to warrant conversion, effective November 3, 2025.

Summary

BSE has approved the listing of 2,835,150 new equity shares of RIR Power Electronics Limited (Scrip Code: 517035) issued to non-promoters on a preferential basis pursuant to warrant conversion. Trading will commence on November 3, 2025. The shares are issued at Rs. 2/- face value with a premium of Rs. 853/- per share (total issue price Rs. 855/-) and will rank pari-passu with existing equity shares. All issued shares are subject to lock-in until May 30, 2026.

Key Points

  • 2,835,150 equity shares of Rs. 2/- each listed and permitted to trade
  • Issue price: Rs. 855/- per share (Rs. 2/- face value + Rs. 853/- premium)
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Shares ranking pari-passu with existing equity shares
  • ISIN: INE302D01024
  • Distinctive numbers: 76737251 to 79572400
  • Date of allotment: September 12, 2025
  • Scrip Code: 517035

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members are informed to note the listing of new securities
  • All 2,835,150 shares are subject to lock-in restrictions until May 30, 2026
  • Shares issued under preferential allotment regulations to non-promoters

Important Dates

  • Date of Allotment: September 12, 2025
  • Trading Commencement Date: November 3, 2025 (Monday)
  • Lock-in Expiry Date: May 30, 2026
  • Circular Notice Date: October 31, 2025

Impact Assessment

Market Impact: Low. This is a routine listing notification for preferential allotment shares. The lock-in period until May 30, 2026 means these shares cannot be traded freely until then, limiting immediate supply-side pressure.

Liquidity Impact: Minimal immediate impact as all issued shares are locked in for approximately 7 months from the trading commencement date.

Shareholder Impact: Dilutive to existing shareholders as 2.84 million new shares have been issued to non-promoters, though the shares were issued via warrant conversion indicating prior commitment and pricing.

Impact Justification

Routine listing notification for preferential allotment of equity shares. Limited market impact as shares are subject to lock-in until May 30, 2026.