Description

97.50 lakh equity shares of Kay Power And Paper Ltd. issued on preferential basis pursuant to warrant conversion will be listed and available for trading from December 10, 2025.

Summary

BSE has announced the listing of 97,50,000 equity shares of Kay Power And Paper Ltd. (Scrip Code: 530255) issued on a preferential basis to Promoters and Non-Promoters pursuant to conversion of warrants. These shares will commence trading from December 10, 2025, and rank pari-passu with existing equity shares. The shares carry lock-in periods of either 18 or 30 months depending on the allottee category.

Key Points

  • 97,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 20.10/-
  • Issue price: Rs. 30.10/- per share
  • Allotment date: October 6, 2025
  • Distinctive Numbers: 22090001 to 31840000
  • ISIN: INE961B01013
  • Shares issued pursuant to conversion of warrants on preferential basis
  • Issued to both Promoter and Non-Promoter categories
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Lock-in restrictions must be observed as per SEBI guidelines:
    • 46,50,000 shares (Dist. Nos. 22090001 to 26740000) locked in until June 30, 2027
    • 51,00,000 shares (Dist. Nos. 26740001 to 31840000) locked in until June 30, 2026

Important Dates

  • Allotment Date: October 6, 2025
  • Trading Commencement: December 10, 2025
  • Lock-in Expiry (Promoters): June 30, 2027
  • Lock-in Expiry (Non-Promoters): June 30, 2026

Impact Assessment

This is a company-specific listing event with minimal market-wide impact. The preferential allotment of 97.50 lakh shares represents capital raised through warrant conversion. The lock-in periods ensure that approximately 47.69% of the newly issued shares (promoter quota) remain locked until June 2027, while 52.31% (non-promoter quota) will be locked until June 2026. This staged unlocking mechanism provides price stability. The listing increases the free float of Kay Power And Paper Ltd. but the immediate tradable quantity is limited to zero due to lock-in restrictions.

Impact Justification

Routine listing of preferential allotment shares for a single company with lock-in restrictions, limited market-wide impact