Description

50,000 equity shares of Comrade Appliances Limited (Scrip Code 543921) issued on preferential basis to promoters pursuant to warrant conversion are listed and permitted to trade with effect from November 12, 2025.

Summary

BSE has announced the listing of 50,000 new equity shares of Comrade Appliances Limited (Scrip Code: 543921) with effect from Wednesday, November 12, 2025. These shares were issued at a premium of Rs. 99/- (face value Rs. 10/-) to promoters on a preferential basis pursuant to conversion of warrants. The shares carry a lock-in period until May 15, 2027.

Key Points

  • 50,000 equity shares of Rs. 10/- each listed and permitted to trade from November 12, 2025
  • Issue price: Rs. 109/- per share (Rs. 10/- face value + Rs. 99/- premium)
  • Shares issued to promoters on preferential basis pursuant to warrant conversion
  • Distribution Numbers: 7728796 to 7778795
  • Date of Allotment: November 22, 2024
  • ISIN: INE0NXA01015
  • Shares rank pari-passu with existing equity shares
  • All 50,000 shares subject to lock-in until May 15, 2027

Regulatory Changes

No regulatory changes introduced in this circular.

Compliance Requirements

  • Trading members are informed about the new securities listing
  • Lock-in restrictions must be observed for all 50,000 shares until May 15, 2027
  • Standard trading and settlement procedures applicable from listing date

Important Dates

  • Allotment Date: November 22, 2024
  • Listing Date: November 12, 2025
  • Lock-in Expiry Date: May 15, 2027

Impact Assessment

This is a routine corporate action with minimal market impact. The issuance of 50,000 equity shares represents a small capital raise through preferential allotment to promoters via warrant conversion. The lock-in period of approximately 18 months from the listing date provides stability by restricting immediate sale by promoters. This represents standard promoter funding activity with no significant dilution or market disruption expected.

Impact Justification

Routine listing of 50,000 equity shares from warrant conversion on preferential basis to promoters. Small issue size with no material market impact. Standard lock-in period applicable.