Description

6,58,000 equity shares of Norben Tea & Exports Ltd issued on preferential basis pursuant to conversion of warrants will be listed and permitted to trade from November 10, 2025.

Summary

BSE has announced the listing of 6,58,000 new equity shares of Norben Tea & Exports Ltd (Scrip Code: 519528) effective from Monday, November 10, 2025. These shares were issued to non-promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 17/- per share (face value Rs. 10/- plus premium of Rs. 7/-). The shares rank pari-passu with existing equity shares and are subject to lock-in until May 20, 2026.

Key Points

  • Total shares listed: 6,58,000 equity shares of Rs. 10/- each
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Issue price: Rs. 17/- per share (Rs. 10/- face value + Rs. 7/- premium)
  • Trading commencement date: November 10, 2025
  • ISIN: INE369C01017
  • Shares rank pari-passu with existing equity shares
  • Two allotment batches: 4,00,000 shares on July 24, 2025 and 2,58,000 shares on July 25, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members must note the new securities are permitted for trading from November 10, 2025
  • All 6,58,000 shares are subject to lock-in restrictions until May 20, 2026
  • Distinction numbers for tracking:
    • 4,00,000 shares: Dist. Nos. 13336101 to 13736100
    • 2,58,000 shares: Dist. Nos. 13736101 to 13994100

Important Dates

  • July 24, 2025: Allotment date for 4,00,000 shares
  • July 25, 2025: Allotment date for 2,58,000 shares
  • November 7, 2025: Notice date
  • November 10, 2025: Trading commencement date
  • May 20, 2026: Lock-in expiry date for all shares

Impact Assessment

This listing has minimal market impact as it involves a relatively small number of shares (6,58,000) from warrant conversion for Norben Tea & Exports Ltd. The shares are subject to lock-in until May 20, 2026, preventing immediate sale by allottees. The preferential issue to non-promoters at Rs. 17/- per share provides capital to the company while the lock-in period ensures stability. Trading members should update their systems to reflect the increased share capital and lock-in restrictions.

Impact Justification

Routine listing of new equity shares from warrant conversion for a smaller company with lock-in period. Limited market-wide impact.