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 conversion of warrants.

Summary

BSE has listed 18,00,000 new equity shares of Darjeeling Ropeway Company Limited (Scrip Code: 539770) with effect from December 10, 2025. These shares were issued at Rs. 16.80 per share (face value Rs. 10 plus premium of Rs. 6.80) to non-promoters on a preferential basis pursuant to conversion of warrants. The allotment date was October 20, 2025, and all shares are subject to lock-in until June 30, 2026.

Key Points

  • 18,00,000 equity shares of Rs. 10/- each listed on BSE
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Issue price: Rs. 16.80 per share (Rs. 10 face value + Rs. 6.80 premium)
  • Trading commences from December 10, 2025
  • Shares rank pari-passu with existing equity shares
  • Distinctive numbers: 3050001 to 4850000
  • ISIN: INE830S01014
  • All shares subject to lock-in until June 30, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading members are informed to note the listing of these new securities for trading purposes. No specific compliance actions required from market participants.

Important Dates

  • Allotment Date: October 20, 2025
  • Trading Commencement: December 10, 2025 (Wednesday)
  • Lock-in Expiry: June 30, 2026

Impact Assessment

This is a routine listing announcement for a preferential allotment following warrant conversion. The impact is limited as:

  • The company is a small-cap stock (Scrip Code: 539770)
  • 18 lakh shares represent a relatively small issuance
  • Shares are locked-in for over 6 months, preventing immediate selling pressure
  • The shares rank pari-passu with existing equity, maintaining uniformity in shareholder rights
  • No immediate market impact expected as the allotment occurred in October 2025 and shares are now being formally listed for trading

Impact Justification

Routine listing of preferential allotment shares pursuant to warrant conversion for a small-cap company with limited market impact