Description
85,00,000 equity shares of Royal India Corporation Limited listed on BSE from December 12, 2025, issued to promoters on preferential basis pursuant to warrant conversion.
Summary
BSE has announced the listing and trading permission for 85,00,000 new equity shares of Royal India Corporation Limited (Scrip Code: 512047) effective from December 12, 2025. These shares were issued at par value to promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to lock-in restrictions.
Key Points
- 85,00,000 equity shares of Rs. 10/- each listed and permitted to trade from December 12, 2025
- Shares issued to promoters on preferential basis through warrant conversion
- Issue price: Rs. 10/- (at par)
- ISIN: INE510H01015
- Distinctive Numbers: 109470001 to 117970000
- Date of allotment: September 26, 2025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- Lock-in period applies to all 85,00,000 shares until June 29, 2025
- Shares subject to standard preferential allotment compliance norms
Important Dates
- Allotment Date: September 26, 2025
- Listing Date: December 12, 2025 (Friday)
- Lock-in Expiry: June 29, 2025 (for all 85,00,000 shares)
Impact Assessment
Market Impact: Low - This is a routine preferential allotment to promoters with all shares under lock-in until June 2025, limiting immediate market supply impact.
Operational Impact: Minimal - Standard listing procedure for trading members with no special operational requirements.
Corporate Action: Increases the equity base of Royal India Corporation Limited by 85 lakh shares, representing a capital infusion through warrant conversion by promoters.
Impact Justification
Routine listing of preferential allotment to promoters with minimal market impact