Description

97.50 lakh equity shares of Kay Power And Paper Ltd. issued on preferential basis pursuant to warrant conversion are listed and permitted to trade 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 pursuant to conversion of warrants. The securities will be available for trading from Wednesday, December 10, 2025. The shares were allotted to Promoter and Non-Promoters at an issue price of Rs. 30.10 per share and are subject to lock-in periods ranging from June 30, 2026 to June 30, 2027.

Key Points

  • 97,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 20.10/-
  • Issued to Promoter and Non-Promoters on preferential basis pursuant to warrant conversion
  • Trading commences from December 10, 2025
  • Scrip Code: 530255, ISIN: INE961B01013
  • Shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 22090001 to 31840000
  • Date of Allotment: October 6, 2025
  • Issue Price: Rs. 30.10 per share

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following warrant conversion.

Compliance Requirements

  • Trading members must note the new securities are available for trading from December 10, 2025
  • Lock-in restrictions must be observed as per the details provided
  • 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

  • Allotment Date: October 6, 2025
  • Trading Commencement: December 10, 2025
  • Lock-in Expiry (Tranche 1): June 30, 2026 (51,00,000 shares)
  • Lock-in Expiry (Tranche 2): June 30, 2027 (46,50,000 shares)

Impact Assessment

This is a routine corporate action with minimal market impact. The listing represents approximately 97.50 lakh additional shares in Kay Power And Paper Ltd. arising from warrant conversion. With staggered lock-in periods, the immediate impact on free float is limited. The preferential allotment to Promoter and Non-Promoters increases the total issued capital, and the lock-in provisions ensure gradual release of these securities into the market over the next 18-30 months.

Impact Justification

Routine listing of new securities from warrant conversion with standard lock-in provisions. Limited market-wide impact.