Description

6,58,000 equity shares of Norben Tea & Exports Ltd listed on BSE with effect from November 10, 2025, issued on preferential basis pursuant to conversion of warrants.

Summary

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

Key Points

  • 6,58,000 equity shares of Rs. 10/- each issued at premium of Rs. 7/- (total issue price: Rs. 17/-)
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Two tranches: 4,00,000 shares allotted on July 24, 2025 and 2,58,000 shares on July 25, 2025
  • ISIN: INE369C01017
  • Trading commences November 10, 2025
  • All shares subject to lock-in until May 20, 2026

Regulatory Changes

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

Compliance Requirements

Trading members should:

  • Update their systems to reflect the new securities available for trading
  • Note the lock-in restrictions on all 6,58,000 shares until May 20, 2026
  • Ensure the shares are identified with the correct ISIN (INE369C01017)

Important Dates

  • July 24, 2025: Allotment date for 4,00,000 shares (Dist. Nos. 13336101 to 13736100)
  • July 25, 2025: Allotment date for 2,58,000 shares (Dist. Nos. 13736101 to 13994100)
  • November 10, 2025: Trading commencement date
  • May 20, 2026: Lock-in expiry date for all shares

Impact Assessment

Limited market impact expected. This is a relatively small preferential allotment representing additional equity shares for Norben Tea & Exports Ltd. The lock-in period until May 20, 2026 means these shares cannot be traded freely until then, limiting immediate liquidity impact. The issuance represents capital raising through warrant conversion at Rs. 17/- per share to non-promoter investors.

Impact Justification

Routine listing of preferential allotment shares for a single company with lock-in restrictions, limited market impact