Description
85,00,000 equity shares of Royal India Corporation Limited listed on BSE with effect from December 12, 2025, issued to promoters on preferential basis pursuant to warrant conversion.
Summary
BSE has approved the listing of 85,00,000 new equity shares of Royal India Corporation Limited (Scrip Code: 512047) with effect from December 12, 2025. These shares were issued to promoters on a preferential basis pursuant to conversion of warrants at par value of Rs. 10/- per share.
Key Points
- 85,00,000 equity shares of Rs. 10/- each issued at par value
- Issued to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Trading commences on December 12, 2025
- Distinctive Numbers: 109470001 to 117970000
- Date of Allotment: September 26, 2025
- ISIN: INE510H01015
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed to note the new securities for trading purposes
- Lock-in period applicable until June 29, 2025 for all 85,00,000 shares (Dist. Nos. 109470001 to 117970000)
Important Dates
- Date of Allotment: September 26, 2025
- Trading Commencement: December 12, 2025
- Lock-in Period Ends: June 29, 2025
- Notice Date: December 11, 2025
Impact Assessment
This is a routine listing circular with minimal market impact. The preferential allotment to promoters represents a dilution of approximately 85 lakh shares. All shares are subject to lock-in until June 29, 2025, preventing immediate liquidity impact. The shares rank pari-passu with existing equity, maintaining uniform shareholder rights. This is a standard corporate action with no expected significant effect on trading or market operations.
Impact Justification
Routine listing of preferential allotment to promoters with lock-in period, limited market impact