Description

25,471 equity shares of Borosil Renewables Limited issued at Rs. 530/- per share will be listed and permitted to trade on BSE from December 8, 2025, following conversion of warrants on preferential basis.

Summary

BSE has announced the listing of 25,471 new equity shares of Borosil Renewables Limited (Scrip Code: 502219) effective from Monday, December 8, 2025. These shares were issued to non-promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 530/- per share (face value Rs. 1/- plus premium of Rs. 529/-). The shares rank pari-passu with existing equity shares and are subject to lock-in until June 10, 2026.

Key Points

  • 25,471 equity shares of face value Rs. 1/- each issued at premium of Rs. 529/-
  • Total issue price: Rs. 530/- per share
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Trading commences on December 8, 2025
  • Distinctive numbers: 138148251 to 138173721
  • Date of allotment: September 19, 2025
  • ISIN: INE666D01022
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification following SEBI regulations for preferential allotments and warrant conversions.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Lock-in restrictions must be observed for all 25,471 shares until June 10, 2026
  • The securities can be traded on the exchange platform starting December 8, 2025

Important Dates

  • Allotment Date: September 19, 2025
  • Trading Commencement: December 8, 2025
  • Lock-in Expiry: June 10, 2026
  • Notice Date: December 5, 2025

Impact Assessment

Market Impact: Minimal. The addition of 25,471 shares represents a small increment to Borosil Renewables Limited’s total outstanding equity and is unlikely to materially affect trading volumes or liquidity.

Company Impact: Standard capital raising activity through warrant conversion. The preferential allotment to non-promoters provides additional capital to the company.

Investor Impact: Lock-in period until June 10, 2026 means these shares cannot be traded immediately, reducing potential supply pressure. Investors should note the existence of these locked-in shares when analyzing the company’s free float.

Impact Justification

Routine listing of small preferential allotment (25,471 shares) following warrant conversion. Minimal impact on overall market or company's outstanding shares.