Description
985,220 equity shares of Duroply Industries Limited issued on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from November 11, 2025.
Summary
BSE has approved the listing of 985,220 equity shares of Duroply Industries Limited (Scrip Code: 516003) issued on a preferential basis to non-promoters pursuant to conversion of warrants. The shares will be permitted to trade on the exchange with effect from Tuesday, November 11, 2025. These shares rank pari-passu with existing equity shares.
Key Points
- 985,220 equity shares of Rs. 10/- each issued at a premium of Rs. 193/-
- Issue price: Rs. 203/- per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Distinctive numbers: 9868704 to 10853923
- Date of allotment: September 25, 2025
- ISIN: INE932D01010
- Shares rank pari-passu with existing equity shares
- All shares subject to lock-in until May 30, 2026
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- Lock-in restrictions must be observed until May 30, 2026 for all 985,220 shares
Important Dates
- Allotment Date: September 25, 2025
- Trading Start Date: November 11, 2025
- Lock-in Expiry: May 30, 2026
Impact Assessment
This is a routine listing event with minimal market impact. The preferential issue represents a modest capital raise for Duroply Industries Limited. The lock-in period until May 30, 2026 ensures these shares will not immediately impact trading volumes. Investors should note the dilution effect, though the quantum is relatively small and issued to non-promoters.
Impact Justification
Routine listing of equity shares issued on preferential basis to non-promoters. Limited market impact given the modest size of issuance.