Description

BSE lists 31,00,000 new equity shares of Kay Power And Paper Ltd issued on preferential basis pursuant to warrant conversion, with lock-in periods applicable.

Summary

BSE has listed 31,00,000 new equity shares of Kay Power And Paper Ltd (Scrip Code: 530255) issued on preferential basis to promoters and non-promoters pursuant to conversion of warrants. The shares will be available for trading from December 12, 2025, with specified lock-in periods.

Key Points

  • 31,00,000 equity shares of Rs. 10/- each issued at premium of Rs. 20.10/-
  • Issue price: Rs. 30.10 per share
  • Allotment date: October 11, 2025
  • Trading start date: December 12, 2025
  • Distinctive numbers: 31840001 to 34940000
  • ISIN: INE961B01013
  • Shares rank pari-passu with existing equity shares
  • Issued to promoters and non-promoters on preferential basis
  • Issued pursuant to conversion of warrants

Regulatory Changes

No regulatory changes introduced. This is a standard new securities listing notification.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Lock-in requirements must be observed as per specified schedule
  • Shares subject to lock-in cannot be traded before respective lock-in expiry dates

Important Dates

  • Allotment Date: October 11, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expiry (30 lakh shares): June 30, 2027
  • Lock-in Expiry (1 lakh shares): June 30, 2026

Lock-in Details

  • 30,00,000 shares (Dist. Nos. 31840001 - 34840000): Locked until June 30, 2027
  • 1,00,000 shares (Dist. Nos. 34840001 - 34940000): Locked until June 30, 2026

Impact Assessment

Limited market impact as this is a routine listing of preferential allotment shares. The lock-in periods ensure gradual entry of these shares into the tradable float. The issuance represents capital raising through warrant conversion, diluting existing equity by approximately 31 lakh shares.

Impact Justification

Routine listing of new shares from warrant conversion with standard lock-in requirements, limited impact on overall market