Description

31 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 12, 2025.

Summary

BSE has approved the listing of 31,00,000 equity shares of Kay Power And Paper Ltd (Scrip Code: 530255) issued on a preferential basis pursuant to conversion of warrants. The shares will be available for trading from December 12, 2025. The shares were allotted to Promoter and Non-Promoter categories at an issue price of Rs. 30.10 per share (face value Rs. 10 plus premium of Rs. 20.10).

Key Points

  • Total new securities listed: 31,00,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 30.10 per share (including premium of Rs. 20.10)
  • Basis of issue: Preferential allotment pursuant to conversion of warrants
  • Distinctive Numbers: 31840001 to 34940000
  • Date of Allotment: October 11, 2025
  • ISIN: INE961B01013
  • Ranking: Pari-passu with existing equity shares
  • Trading commencement: December 12, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading members should note the listing of these new securities and ensure proper trading operations from the effective date.

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

Impact Assessment

This is a company-specific listing with minimal market-wide impact. The preferential allotment increases Kay Power And Paper Ltd’s equity base by 31 lakh shares. The majority of shares (30 lakh) are subject to lock-in until June 30, 2027, which limits immediate trading liquidity. Only 1 lakh shares will be freely tradable from June 30, 2026. This is a routine corporate action with impact limited to existing and potential investors in Kay Power And Paper Ltd.

Lock-in Details

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

Impact Justification

Routine listing of preferential allotment shares for a single company with limited market-wide impact