Description

856,872 equity shares of Vrundavan Plantation Limited issued at premium on preferential basis pursuant to warrant conversion listed and permitted to trade from November 18, 2025.

Summary

BSE has approved the listing of 856,872 new equity shares of Vrundavan Plantation Limited (Scrip Code: 544011) issued on preferential basis to promoters and non-promoters pursuant to conversion of warrants. The shares will commence trading from Tuesday, November 18, 2025, and rank pari-passu with existing equity shares.

Key Points

  • Total Shares Listed: 856,872 equity shares of Rs. 10/- each
  • Issue Price: Rs. 51/- per share (including premium of Rs. 41/-)
  • Allotment Date: August 1, 2025
  • Trading Start Date: November 18, 2025
  • Distribution Numbers: 5332729 to 6189600
  • ISIN: INE0Q6901013
  • Issuance Type: Preferential basis to promoters and non-promoters
  • Basis: Conversion of warrants
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following SEBI regulations for preferential allotment.

Compliance Requirements

Lock-in Requirements:

  • 148,800 shares (Dist. Nos. 5332729-5481528): Locked-in until May 31, 2026
  • 288,072 shares (Dist. Nos. 5481529-5769600): Locked-in until May 30, 2027
  • 420,000 shares (Dist. Nos. 5769601-6189600): Locked-in until May 30, 2026

Trading members must ensure compliance with lock-in restrictions for the specified share categories.

Important Dates

  • Allotment Date: August 1, 2025
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry Dates:
    • May 30, 2026 (420,000 shares)
    • May 31, 2026 (148,800 shares)
    • May 30, 2027 (288,072 shares)

Impact Assessment

Market Impact: Low - This is a routine corporate action affecting only Vrundavan Plantation Limited shareholders and does not impact broader market operations.

Operational Impact: Minimal - Trading members should update systems to reflect the new shares and associated lock-in restrictions. The preferential allotment represents capital raising activity by the company through warrant conversion, increasing the total equity base by 856,872 shares at Rs. 51/- per share.

Impact Justification

Routine listing notification for preferential allotment shares with standard lock-in periods, affecting single company with limited market-wide impact