Description

85,00,000 equity shares of Royal India Corporation Limited issued to promoters on preferential basis pursuant to warrant conversion are listed and permitted to trade with effect from December 12, 2025.

Summary

BSE has approved the listing of 85,00,000 equity shares of Royal India Corporation Limited (Scrip Code: 512047) issued to promoters on a preferential basis pursuant to conversion of warrants. These new securities will commence trading on the Exchange from Friday, December 12, 2025. The shares are ranking pari-passu with existing equity shares and are subject to lock-in until June 29, 2025.

Key Points

  • 85,00,000 equity shares of Rs. 10/- each issued at par value
  • Issued to promoters on preferential basis pursuant to warrant conversion
  • Scrip Code: 512047
  • ISIN: INE510H01015
  • Trading commences: December 12, 2025
  • Date of allotment: September 26, 2025
  • Issue price: Rs. 10/- per share
  • Distinctive Numbers: 109470001 to 117970000
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed to note the listing of these new securities
  • Lock-in restrictions apply to all 85,00,000 shares until June 29, 2025
  • No trading permitted for locked-in shares during the restriction period

Important Dates

  • Date of Allotment: September 26, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expires: June 29, 2025

Impact Assessment

This is a routine listing notification with minimal market impact. The preferential allotment to promoters increases the total share capital of Royal India Corporation Limited by 85,00,000 shares. Since all shares are subject to lock-in until June 29, 2025, there will be no immediate trading activity or liquidity impact. The shares rank equally with existing shares, maintaining uniformity in shareholder rights. This represents a capital infusion through warrant conversion at par value.

Impact Justification

Routine listing notification for preferential allotment to promoters with standard lock-in provisions. Limited market impact as shares are locked-in until June 2025.