Description
Listing and trading of 9,85,220 equity shares of Duroply Industries Limited issued on preferential basis pursuant to conversion of warrants, effective November 11, 2025.
Summary
BSE has listed 9,85,220 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 available for trading from November 11, 2025, and rank pari-passu with existing equity shares. All shares are subject to lock-in until May 30, 2026.
Key Points
- 9,85,220 equity shares of Rs. 10/- each issued at a premium of Rs. 193/- per share
- Issue price: Rs. 203/- per share
- Issued to non-promoters on preferential basis
- Shares issued pursuant to conversion of warrants
- Distinctive Numbers: 9868704 to 10853923
- Date of Allotment: September 25, 2025
- ISIN: INE932D01010
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members must note the listing of these new securities and the associated lock-in restrictions when processing trades.
Important Dates
- Date of Allotment: September 25, 2025
- Trading Commencement: November 11, 2025
- Lock-in Expiry: May 30, 2026
Impact Assessment
The listing of 9,85,220 shares represents a preferential allotment to non-promoters through warrant conversion. The lock-in period until May 30, 2026 restricts immediate trading of these shares, limiting short-term supply impact. This is a routine corporate action with minimal market impact given the relatively small issue size.
Impact Justification
Routine listing of shares from warrant conversion with limited market impact given small issue size and lock-in restrictions