Description

Comrade Appliances Limited lists 50,000 new equity shares issued to promoters on preferential basis pursuant to warrant conversion, effective November 12, 2025.

Summary

BSE has announced the listing of 50,000 new equity shares of Comrade Appliances Limited (Scrip Code: 543921) effective from Wednesday, November 12, 2025. These shares were issued to promoters on a preferential basis at Rs. 109 per share (face value Rs. 10 plus premium of Rs. 99) pursuant to conversion of warrants. The shares were allotted on November 22, 2024, and are subject to a lock-in period until May 15, 2027.

Key Points

  • 50,000 equity shares of Rs. 10 face value each issued at premium of Rs. 99
  • Issue price: Rs. 109 per share
  • Issued to promoters on preferential basis pursuant to warrant conversion
  • Scrip Code: 543921
  • ISIN: INE0NXA01015
  • Distinctive Numbers: 7728796 to 7778795
  • Shares rank pari-passu with existing equity shares
  • Trading commences from November 12, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • Lock-in restrictions apply to all 50,000 shares until May 15, 2027
  • No trading or transfer of locked-in shares permitted during the lock-in period

Important Dates

  • Date of Allotment: November 22, 2024
  • Trading Commencement: November 12, 2025
  • Lock-in Period Expires: May 15, 2027

Impact Assessment

Market Impact: Low. The issuance represents a relatively small number of shares (50,000) issued to promoters on a preferential basis. The lock-in period until May 2027 ensures these shares will not be available for trading in the near term, minimizing immediate market impact.

Operational Impact: Minimal. This is a standard listing procedure following warrant conversion. Trading members need only update their systems to reflect the increased share capital of Comrade Appliances Limited.

Impact Justification

Routine preferential allotment to promoters with limited market impact due to small issue size and lock-in period until May 2027