Description

18,00,000 equity shares of Darjeeling Ropeway Company Limited issued on preferential basis pursuant to conversion of warrants are listed and permitted to trade with effect from December 10, 2025.

Summary

BSE has listed 18,00,000 new equity shares of Darjeeling Ropeway Company Limited (Scrip Code: 539770) issued to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading with effect from Wednesday, December 10, 2025. These shares rank pari-passu with existing equity shares and are subject to lock-in until June 30, 2026.

Key Points

  • 18,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 6.80/-
  • Issue price: Rs. 16.80 per share
  • Allotment date: October 20, 2025
  • Issued to non-promoters on preferential basis pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 3050001 to 4850000
  • ISIN: INE830S01014
  • Lock-in period applicable until June 30, 2026

Regulatory Changes

No regulatory changes. This is a standard listing notification following SEBI preferential allotment guidelines.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • All 18,00,000 shares are locked-in until June 30, 2026 and cannot be transferred during this period
  • Shares will rank pari-passu with existing equity shares for all purposes including dividends

Important Dates

  • Allotment Date: October 20, 2025
  • Trading Commencement Date: December 10, 2025
  • Lock-in Period Ends: June 30, 2026

Impact Assessment

Limited market impact. This is a routine preferential allotment listing for a small-cap company. The 18 lakh shares represent capital raised through warrant conversion at Rs. 16.80 per share (total consideration approximately Rs. 3.02 crores). The complete lock-in until mid-2026 means no immediate selling pressure. The preferential allotment to non-promoters suggests fundraising for business operations without diluting promoter control.

Impact Justification

Routine listing notice for preferential allotment to non-promoters. Limited market impact due to small company and modest share count with lock-in until June 2026.