Description
50,000 equity shares of Comrade Appliances Limited listed on BSE following conversion of warrants issued to promoters on preferential basis at Rs. 109 per share.
Summary
BSE has approved the listing of 50,000 equity shares of Comrade Appliances Limited (Scrip Code: 543921) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares are listed and permitted to trade with effect from November 12, 2025.
Key Points
- 50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 99/-
- Issue price: Rs. 109/- per share
- Allotted to promoters on preferential basis through warrant conversion
- Date of allotment: November 22, 2024
- Distinctive Numbers: 7728796 to 7778795
- ISIN: INE0NXA01015
- Shares rank pari-passu with existing equity shares
- Trading commences: November 12, 2025
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed of the new listing
- All 50,000 shares are subject to lock-in restrictions
- Locked-in shares cannot be transferred until the lock-in period expires
Important Dates
- Allotment Date: November 22, 2024
- Trading Commencement: November 12, 2025
- Lock-in Expiry: May 15, 2027 (for all 50,000 shares)
Impact Assessment
Minimal market impact expected. This is a small preferential allotment to promoters representing warrant conversion. The entire issue of 50,000 shares is locked-in until May 15, 2027, preventing immediate trading of these shares. The listing is part of routine corporate actions for capital raising through preferential issues.
Impact Justification
Routine listing of small preferential allotment to promoters (50,000 shares). Minimal market impact due to small size and lock-in restrictions until May 2027.