Description
18,00,000 equity shares of Darjeeling Ropeway Company Limited listed on BSE with effect from December 10, 2025, issued on preferential basis pursuant to warrant conversion.
Summary
Darjeeling Ropeway Company Limited (Scrip Code: 539770) has listed 18,00,000 new equity shares of Rs. 10/- each on BSE, effective December 10, 2025. These shares were issued at a premium of Rs. 6.80 per share to non-promoters on a preferential basis pursuant to conversion of warrants. The allotment was completed on October 20, 2025, and the shares are subject to lock-in until June 30, 2026.
Key Points
- 18,00,000 equity shares of Rs. 10/- each listed on BSE
- Issue price: Rs. 16.80 per share (Rs. 10 face value + Rs. 6.80 premium)
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares ranking pari-passu with existing equity shares
- Distinctive numbers: 3050001 to 4850000
- ISIN: INE830S01014
- Trading commences: December 10, 2025
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed of the new securities listing and should update their systems accordingly for trading commencing December 10, 2025.
Important Dates
- Date of Allotment: October 20, 2025
- Trading Commencement: December 10, 2025
- Lock-in Expiry: June 30, 2026
Impact Assessment
This is a routine listing notification with minimal market impact. The preferential allotment represents capital raising through warrant conversion by non-promoters. The 18 lakh shares subject to lock-in until June 30, 2026 will not be available for trading until that date, limiting immediate supply impact. The shares are fungible with existing equity and will trade under the same scrip code 539770.
Impact Justification
Routine listing notification for preferential allotment to non-promoters with standard lock-in period; limited market-wide impact