Description

31,00,000 equity shares of Kay Power And Paper Ltd issued at premium on preferential basis pursuant to warrant conversion, to be listed on December 12, 2025.

Summary

BSE has announced the listing of 31,00,000 new 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 promoters and non-promoters on a preferential basis pursuant to conversion of warrants. The shares carry lock-in periods ranging from 18 months to 32 months.

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
  • Distinctive Numbers: 31840001 to 34940000
  • ISIN: INE961B01013
  • New shares rank pari-passu with existing equity shares
  • Issued to both promoter and non-promoter categories
  • Shares issued pursuant to conversion of warrants

Regulatory Changes

No regulatory changes. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • Lock-in restrictions must be observed as per SEBI regulations:
    • 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

Important Dates

  • Allotment Date: October 11, 2025
  • Trading Commencement: December 12, 2025 (Friday)
  • Lock-in Expiry Date 1: June 30, 2026 (for 1,00,000 shares)
  • Lock-in Expiry Date 2: June 30, 2027 (for 30,00,000 shares)

Impact Assessment

Market Impact: Low - This is a company-specific listing event affecting only Kay Power And Paper Ltd. The preferential allotment represents capital raising through warrant conversion.

Liquidity Impact: Minimal immediate impact as 96.77% of the new shares (30,00,000 out of 31,00,000) are locked-in until June 2027, with only 1,00,000 shares locked until June 2026.

Shareholder Impact: The shares rank pari-passu with existing equity, maintaining equal rights for all shareholders. The lock-in periods protect against immediate dilution pressure.

Impact Justification

Routine listing of preferential allotment shares post warrant conversion. Limited market-wide impact, specific to single company.