Description
25,471 new equity shares of Borosil Renewables Limited issued at Rs. 530/- per share on preferential basis pursuant to warrant conversion, to be listed from December 8, 2025.
Summary
Borosil Renewables Limited (Scrip Code: 502219) has listed 25,471 new equity shares of Rs. 1/- each on BSE, issued at a premium of Rs. 529/- per share (total issue price Rs. 530/-) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading from Monday, December 8, 2025, and rank pari-passu with existing equity shares.
Key Points
- 25,471 equity shares of face value Rs. 1/- each issued
- Issue price: Rs. 530/- per share (Rs. 1/- face value + Rs. 529/- premium)
- Issued to non-promoters on preferential basis
- Allotment pursuant to conversion of warrants
- Date of allotment: September 19, 2025
- Distinctive numbers: 138148251 to 138173721
- ISIN: INE666D01022
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members of BSE are informed about the listing of these new securities for trading purposes. No specific compliance actions required from members.
Important Dates
- Allotment Date: September 19, 2025
- Trading Commencement: December 8, 2025 (Monday)
- Lock-in Period Expires: June 10, 2026
Impact Assessment
This is a routine listing event with minimal market impact. The issuance of 25,471 shares represents a relatively small quantity that is unlikely to materially affect the trading dynamics or liquidity of Borosil Renewables Limited. The shares are subject to lock-in until June 10, 2026, preventing immediate selling pressure. The preferential allotment to non-promoters through warrant conversion is a standard corporate action for capital raising.
Impact Justification
Routine listing of small quantity of shares (25,471) from warrant conversion with minimal market impact due to small size relative to typical trading volumes