Description
50 lakh equity shares of Bhatia Communications & Retail (India) Limited issued to non-promoters on preferential basis pursuant to warrant conversion listed on BSE with effect from December 23, 2025.
Summary
BSE has listed 50,00,000 new equity shares of Bhatia Communications & Retail (India) Limited (Scrip Code: 540956) with effect from December 23, 2025. These shares were issued at a premium to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are subject to lock-in until June 30, 2026.
Key Points
- 50,00,000 equity shares of Re. 1/- each issued at premium of Rs. 22.75/-
- Issue price: Rs. 23.75 per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Date of allotment: September 30, 2025
- Trading commences: December 23, 2025
- ISIN: INE341Z01025
- Distinctive Numbers: 125152001 to 130152000
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed to note the listing of new securities
- All 50,00,000 shares are subject to lock-in restrictions until June 30, 2026
- Shares cannot be transferred or sold until lock-in period expires
Important Dates
- September 30, 2025: Date of allotment
- December 23, 2025: Trading commencement date
- June 30, 2026: Lock-in expiry date
Impact Assessment
Limited immediate market impact expected. The new shares increase the company’s equity base by 50 lakh shares, but all shares are locked-in until June 30, 2026, preventing immediate trading. The preferential allotment to non-promoters at Rs. 23.75 per share may provide a reference price point for market participants. No dilution concerns for promoters as allotment is to non-promoter category.
Impact Justification
Routine listing of new securities from warrant conversion. Limited market impact as shares are locked-in until June 2026 and issued to non-promoters only.