Description
Listing of 6,58,000 equity shares of Norben Tea & Exports Ltd issued on preferential basis pursuant to warrant conversion, effective from November 10, 2025.
Summary
BSE announces the listing of 6,58,000 equity shares of Norben Tea & Exports Ltd (Scrip Code: 519528) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares will be available for trading from Monday, November 10, 2025.
Key Points
- 6,58,000 equity shares of Rs. 10/- each issued at a premium of Rs. 7/-
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Issue price: Rs. 17/- per share
- ISIN: INE369C01017
- Scrip Code: 519528
- Two tranches of allotment: 4,00,000 shares and 2,58,000 shares
Regulatory Changes
No regulatory changes. This is a routine listing notification.
Compliance Requirements
- Trading members are informed to update their systems for the new securities
- Lock-in restrictions must be enforced until May 20, 2026
Important Dates
- Allotment Date (Tranche 1): July 24, 2025 (4,00,000 shares)
- Allotment Date (Tranche 2): July 25, 2025 (2,58,000 shares)
- Trading Start Date: November 10, 2025
- Lock-in Expiry: May 20, 2026
Impact Assessment
Minimal market impact expected. This is a standard preferential allotment listing involving a relatively small number of shares (6,58,000) with lock-in provisions until May 2026, preventing immediate trading of the entire allotment. The shares are issued pursuant to warrant conversion to non-promoters and rank equally with existing equity shares.
Impact Justification
Routine listing of preferential allotment shares with standard lock-in provisions, limited market impact given modest share count