Description
31,00,000 equity shares of Kay Power And Paper Ltd listed on BSE with effect from December 12, 2025, issued at Rs. 30.10/- per share on preferential basis pursuant to conversion of warrants.
Summary
BSE has listed 31,00,000 equity shares of Kay Power And Paper Ltd (Scrip Code: 530255) effective December 12, 2025. These shares were issued at a premium of Rs. 20.10/- per share to Promoter and Non-Promoter on a preferential basis pursuant to conversion of warrants. The shares are ranking pari-passu with existing equity shares.
Key Points
- Number of shares listed: 31,00,000 equity shares of Rs. 10/- each
- Issue price: Rs. 30.10/- per share (face value Rs. 10/- + premium Rs. 20.10/-)
- Allotment date: October 11, 2025
- Trading commencement date: December 12, 2025
- Distinctive numbers: 31840001 to 34940000
- ISIN: INE961B01013
- Issued to Promoter and Non-Promoter on preferential basis
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification.
Compliance Requirements
Trading members must note the lock-in requirements:
- 30,00,000 shares (Dist. Nos. 31840001 to 34840000) are locked-in until June 30, 2027
- 1,00,000 shares (Dist. Nos. 34840001 to 34940000) are locked-in until June 30, 2026
Important Dates
- Allotment Date: October 11, 2025
- Trading Commencement: December 12, 2025
- Lock-in Expiry (1,00,000 shares): June 30, 2026
- Lock-in Expiry (30,00,000 shares): June 30, 2027
Impact Assessment
Limited market impact as this is a preferential issue of 31 lakh shares with strict lock-in provisions. The issue represents capital raising through warrant conversion. Trading members should be aware of the lock-in restrictions when facilitating trades. The shares being rank pari-passu ensures equal rights with existing shareholders.
Impact Justification
Routine listing notification for preferential issue of limited quantity shares with standard lock-in provisions affecting single company