Description

97.5 lakh equity shares of Kay Power And Paper Ltd. issued on preferential basis pursuant to warrant conversion, listed with effect from December 10, 2025.

Summary

Kay Power And Paper Ltd. (Scrip Code: 530255) has listed 97,50,000 new equity shares of Rs. 10/- each issued at a premium of Rs. 20.10/- on a preferential basis pursuant to conversion of warrants. The shares will be available for trading on BSE with effect from Wednesday, December 10, 2025. These shares rank pari-passu with existing equity shares and are subject to lock-in requirements.

Key Points

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

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing and trading permission for the new securities
  • Lock-in provisions must be observed as specified:
    • 46,50,000 shares (Dist. Nos. 22090001-26740000) locked-in until June 30, 2027
    • 51,00,000 shares (Dist. Nos. 26740001-31840000) locked-in until June 30, 2026

Important Dates

  • December 9, 2025: Notice date
  • October 6, 2025: Date of allotment
  • December 10, 2025: Trading commencement date
  • June 30, 2026: Lock-in expiry for 51,00,000 shares
  • June 30, 2027: Lock-in expiry for 46,50,000 shares

Impact Assessment

This is a company-specific listing event with minimal market-wide impact. The preferential allotment increases the equity capital of Kay Power And Paper Ltd. by 97.5 lakh shares. The staggered lock-in periods (until June 2026 and June 2027) ensure controlled supply of these shares to the market. Investors should note that approximately 47.69% of the new shares have a longer lock-in period (until 2027), while 52.31% will be available for trading from June 2026 onwards.

Impact Justification

Routine listing of equity shares on preferential basis with standard lock-in provisions, affecting a single company with limited market-wide impact